Cryptopolitan
2025-07-09 21:16:40

Justin Sun has pledged to buy  $100 million worth of Donald Trump’s official memecoin, TRUMP

TRON founder Justin Sun is diving headfirst into the political memecoin frenzy, pledging to buy a staggering $100 million worth of Donald Trump’s official crypto, TRUMP. In a bold statement, he said that TRUMP and TRON are the future of crypto. Justin Sun announced on X saying , “We are committed to buying $100 million of TRUMP This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as GetTrumpMemes.” TRON and TRUMP merger profits Justin Sun’s investment comes days after TRON announced that it will launch TRUMP on its blockchain soon to enable increased interoperability and market access for the meme coin. Sun has publicly supported most Trump-linked crypto projects and is seemingly planning to be more involved in Trump-affiliated businesses. 🚨 $TRUMP is launching soon on TRON — powered by @LayerZero_Core 🚨 Thanks to LayerZero’s interoperability infrastructure, $TRUMP will move seamlessly across #TRON , connecting to the most used blockchain for real-world value transfer. https://t.co/gOtvuqXiEX — TRON DAO (@trondao) July 7, 2025 Tron handled more than 5x Ethereum’s USDT transaction volume last week, so it should have plenty of bandwidth for a TRUMP expansion. The meme coin’s current circulating market cap is $1.7 billion, well within Tron’s capabilities. TRUMP’s price has seen a rise of 3.5% in 24 hours. Still, it is merely continuing its recent pattern of chaotic swings on a steady downward trend. It’s unclear whether the meme coin has enough market interest to warrant this increased interoperability and market access. However, compared to several recent developments in Trump’s broader crypto empire, his eponymous meme coin hasn’t gotten much attention lately. Therefore, the Tron partnership may eventually spur gains for TRUMP, but it currently seems unclear. Also, TRON has seen a 0.9% surge in 24 hours and a 2.4% surge in a week. This partnership seems more like a continuation of the two organizations’ ongoing collaboration. Justin Sun’s controversy with POTUS companies It doesn’t seem likely that Sun’s support for crypto projects backed by Trump will make it harder for the crypto company to stay out of trouble with the law in the US. According to a filing, Trump’s new, much more crypto-friendly US Securities and Exchange Commission (SEC) seems more likely to settle a fraud case involving Sun. Lawyers made this request for the SEC, Sun, and his companies in a “motion to stay” filed in the US District Court for the Southern District of New York on Wednesday. Sun, three of his companies, including Tron Foundation Limited, were charged by the SEC for selling TRX and another token called BTT “through multiple unregistered ‘bounty programs.'” That filing came after Sun raised his stake to $75 million in tokens released by World Liberty Financial, the crypto bank run by the Trump family. Sun, born in China, later bought the president’s meme coin. He won a contest for top holders and now has at least $97 million. By the end of February, the SEC had officially paused its investigation into Sun’s businesses. More controversially, Dominari Securities , a New York-based boutique investment bank linked to Donald Trump Jr. and Eric Trump, managed to secure a deal for Sun’s Tron to go public in the US months after the pause of its fraud investigation. However, TRON has faced other lows. For instance, Tether, issuer of the world’s largest stablecoin, USDt, froze over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space. This has resulted in hiccups in the relationship between Sun and the Trump family, which has not been smooth. Even after being involved with each other, Eric Trump had denied reports that he would be involved in blockchain network Tron’s intent to pursue a public offering in the US. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约