Justin Sun Wants to Make TRUMP a Global Crypto Brand With $100M Buy
2025-07-10 07:43:07
Main Idea
Justin Sun plans to invest $100 million in TRUMP tokens to promote them globally, aligning with U.S. political collaborations and leveraging Tron's ecosystem for broader adoption.
Key Points
1. Justin Sun announced a $100 million purchase of TRUMP tokens, aiming to make them popular in Asia and globally.
2. The TRUMP token, originally on Solana, will be bridged to Tron using LayerZero to enhance its reach.
3. Sun compared the Trump administration's support for crypto to Bill Clinton's internet initiatives in the 1990s.
4. Tron Inc. is undergoing a reverse merger with Nasdaq-listed SRM Entertainment to create a publicly traded entity aligned with the Tron ecosystem.
5. Democrat lawmakers criticize such moves as 'pay-to-play politics,' with Senator Chris Murphy sponsoring legislation to regulate memecoins.
Description
Justin Sun’s $100 million TRUMP token buy signals a strategic alignment with the U.S. administration’s pro-crypto stance and marks the first of many planned collaborations with the Trump team, the Tron founder told CoinDesk in an interview. This isn't the first investment the Tron founder has made in projects within the Trump-crypto universe. Sun’s ties to Trump-affiliated crypto ventures date back to shortly after last year’s election, when he purchased approximately $75 million worth of World ...
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