Justin Sun Purchases $100 Million Worth of TRUMP Tokens
2025-07-11 16:03:15
Main Idea
TRON founder Justin Sun purchased $100 million worth of the meme coin TRUMP, strengthening ties between TRON and TRUMP, amid regulatory developments and mutual financial support between the projects.
Key Points
1. Justin Sun announced the purchase of $100 million worth of TRUMP on July 9, following the DAO behind TRON's migration of TRUMP to the network.
2. In May 2025, Sun attended a gala dinner hosted by Donald Trump for top TRUMP token holders, reinforcing the connection between TRON and TRUMP.
3. Sun previously invested $30 million in World Liberty Financial (WLF) in November 2024, with WLF later adding $4.7 million to TRON's investment portfolio.
4. The SEC filed charges against Sun and his companies in 2023, but regulatory pressure on crypto companies, including TRON, has eased since Trump's presidency.
5. Sun argued in April 2025 that the SEC lacks jurisdiction over his activities outside the U.S., despite his frequent visits to the country.
Description
On July 9, TRON founder Justin Sun announced the purchase of $100 million worth of the meme coin TRUMP. On July 7, the DAO behind the development of TRON announced the migration of TRUMP to the network. At $8.89 when the announcement was published, the token rose by 2.7%. In May 2025, Justin Sun attended a gala dinner hosted by U.S. President Donald Trump for top holders of the TRUMP token. On the eve of the event, the TRON founder stated he owns nearly $19 million worth of the meme token—more t...
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