{"id":32833,"date":"2024-11-26T13:00:43","date_gmt":"2024-11-26T10:00:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32833"},"modified":"2024-11-26T10:31:39","modified_gmt":"2024-11-26T07:31:39","slug":"justin-sun-invests-in-this-project","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/justin-sun-invests-in-this-project\/","title":{"rendered":"Justin Sun Invests in This Project!"},"content":{"rendered":"<p><strong>Tron<\/strong> blockchain founder <strong>Justin Sun<\/strong> has become the largest investor in Donald Trump\u2019s crypto project, <strong>World Liberty Financial<\/strong>, after purchasing <strong>$30 million<\/strong> worth of tokens.<\/p>\n<p>In a post on <strong>X<\/strong> on November 25, Sun wrote, \u201cWe are thrilled to invest $30 million in <strong>World Liberty Financial<\/strong> as its largest investor. <strong>TRON<\/strong> is committed to making America great again and leading innovation.\u201d<\/p>\n<p>Before Sun\u2019s post, a wallet identified by <strong>Etherscan<\/strong> as belonging to the crypto exchange <strong>HTX<\/strong>, controlled by Sun, was seen purchasing 2 billion <strong>World Liberty Financial (WLFI)<\/strong> tokens for <strong>$0.015<\/strong> each.<\/p>\n<p>WLFI sales have been sluggish since its launch in mid-October, with investors turned off by the project\u2019s restrictions, limiting sales to <strong>non-US persons<\/strong> and <strong>US-accredited investors<\/strong>, and making the tokens <strong>non-transferable<\/strong>\u2014meaning they cannot be sold.<\/p>\n<p>Before Sun\u2019s purchase, only <strong>$20 million<\/strong> worth of WLFI had been sold, but after his buy, the total sales reached <strong>$52 million<\/strong>, still just <strong>17%<\/strong> of World Liberty\u2019s ambitious <strong>$300 million<\/strong> token sale goal.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/019365fa-d09d-7d0b-9711-cec1cc201b1c\" \/><\/p>\n<p>However, this now means that Trump and his family will begin receiving payments. According to the project\u2019s &#8220;gold paper&#8221; (its white paper), the President-elect\u2019s company, <strong>DT Marks DEFI LLC<\/strong>, is entitled to <strong>75%<\/strong> of the net revenues after the project hits <strong>$30 million<\/strong>, which it has now done.<\/p>\n<p><strong>World Liberty Financial<\/strong> co-founder <strong>Zak Folkman<\/strong> told \u201cThis sizable purchase of WLF tokens underscores the early success of this project. There have been several significant purchases in recent weeks, and we are confident in our future success as we build a platform that promotes freer and fairer finance.\u201d<\/p>\n<p>Donald Trump is listed as the platform\u2019s \u201cchief crypto advocate,\u201d while his sons <strong>Eric<\/strong>, <strong>Barron<\/strong>, and <strong>Donald Trump Jr.<\/strong> are all \u201cWeb3 ambassadors.\u201d The incoming president had campaigned on making the U.S. the world\u2019s \u201ccrypto capital\u201d and easing regulatory oversight of the industry.<\/p>\n<p>Meanwhile, Sun and <strong>Tron<\/strong> face their own troubles with U.S. regulators. They were sued by the <strong>Securities and Exchange Commission<\/strong> (SEC) in March 2023, accused of selling the <strong>TRX<\/strong> token as an unregistered security and wash-trading it to boost its price, allegations Sun denies.<\/p>\n<p>Last week, on November 21, Sun shared that he paid <strong>$6.2 million<\/strong> at auction for an artwork of a banana taped to a wall and planned to eat it.<\/p>\n<p><strong>TRX<\/strong> has dropped <strong>5.5%<\/strong> in the past day to below <strong>20 cents<\/strong>, but it\u2019s up about <strong>84%<\/strong> this year, still <strong>15%<\/strong> below its peak of <strong>23 cents<\/strong> reached in January 2018.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron blockchain founder Justin Sun has become the largest investor in Donald Trump\u2019s crypto project, World Liberty Financial, after purchasing $30 million worth of tokens. In a post on X on November 25, Sun wrote, \u201cWe are thrilled to invest $30 million in World Liberty Financial as its largest investor. TRON is committed to making<\/p>\n","protected":false},"author":28,"featured_media":32834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[192,393,9698,9482,1730,501,1062,2231,1332,39,46,293,1873,85,8603],"class_list":["post-32833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-blockchain","tag-crypto","tag-digital-art","tag-digital-finance","tag-donald-trump","tag-investment","tag-justin-sun","tag-market-analysis","tag-memecoin","tag-sec","tag-token","tag-tron","tag-trx","tag-web3","tag-world-liberty-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Justin Sun Invests in This Project! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/justin-sun-invests-in-this-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Justin Sun Invests in This Project! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Tron blockchain founder Justin Sun has become the largest investor in Donald Trump\u2019s crypto project, World Liberty Financial, after purchasing $30 million worth of tokens. 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