Justin Sun Becomes Leading Investor in World Liberty Financial

Justin Sun acquired 2 billion WLFI tokens from the crypto platform World Liberty Financial for $30 million. This transaction made the TRON founder the largest investor in the project, which is associated with Donald Trump’s family.

We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let’s go! pic.twitter.com/cISTsVYP1f

— H.E. Justin Sun ? (@justinsuntron) November 25, 2024

The crypto platform team aims to raise $300 million from the sale of 100 billion WLFI — the project’s governance token on Ethereum.

On October 15, World Liberty Financial raised over $5 million in the first hour of its presale. By October 17, a day after the sales began, the amount exceeded $10 million. With Sun’s purchase, the company has raised over $50 million.

World Liberty Financial is a DeFi platform introduced by the Trump family in September.

In the project’s gold paper, the elected President of the United States is listed as the “chief crypto advocate,” while his sons Eric, Barron, and Donald Trump Jr. are Web3 ambassadors. Rich Teo, co-founder of Paxos, has been appointed as head of stablecoins and payments. Luke Pearson from Polychain Capital is noted as an advisor.

Trump Sr.’s company, DT Marks DEFI LLC, will receive 22.5 billion WLFI and 75% of World Liberty Financial’s net income, after operating expenses and the initial $30 million allocated for creating an operating reserve.

Previously, Trump nominated his supporter, financier Scott Bessent, for the position of U.S. Treasury Secretary.