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Tron (TRX) founder Justin Sun has invested $30 million into the Trump-backed crypto project World Liberty Financial.
The latest data confirms that Sun-linked wallet purchased 2 million WLFI coins, worth approximately $30 million, at $0.015 per token.
Justin Sun, founder of #Tron, has invested $30 million in World Liberty Financial (WLFI), a DeFi platform backed by Donald Trump. The project had struggled to attract investors, but Sun’s investment may help revive its prospects.
The bullish developments saw WLFI price decoupling from the broad market.
The alt exploded by 269.7% on its daily chart as cryptocurrencies traded in the red today.
While WLFI retraced from its 24-hour peak, it remains 190% up over the past day.
The remarkable rise comes as digital assets crash, with Bitcoin sliding to $93.2K at press time.
Justin Sun bets big on World Liberty Financial
The Tron founder has committed around $30 million to World Liberty Financial, boosting the crypto project as it cements its position in the ever-changing cryptocurrency industry.
The collaboration highlights the increasing convergence between blockchain technology and traditional finance.
The American crypto sector has seen improved optimism following Donald Trump’s victory in the latest US elections.
The president-elect adopted a pro-crypto stance throughout his campaigns and promised to make the US a hub for digital assets.
Developments such as SEC Chair Gary Gensler’s much-awaited departure and the World Liberty Financial initiative reflect Trump’s dedication to ensuring a friendly environment for crypto undertakings.
The alliance with Justin Sun, who prioritizes decentralization, low-cost transactions, and speed, will likely accelerate crypto adoption under the new US leadership.
World Liberty Financial aims to leverage Tron to streamline international payments, ensure monetary accessibility in unbacked regions, and lower transaction charges.
World Liberty Finance and the future of crypto
The Delaware-based project targeted to raise $300M (at a $1.5 billion valuation) during its launch.
Meanwhile, the firm later disclosed that it’s marketing the $300M coin offering to offshore investors.
An October 30 SEC filing indicated that the World Liberty Financial initiative scaled back its initial plans, reducing the token sale goal to $30 million.
Moreover, World Liberty Financial collaborated with Chainlink to introduce the CCIP standards into its platform.
🇺🇸 TODAY: World Liberty Financial Adopts Chainlink to Boost DeFi Adoption
The alliance aims to streamline cross-chain compatibility in the DeFi sector, promoting mass adoption.
The Trump-backed project wants to revolutionize traditional banking with a decentralized platform for lending, borrowing, and handling crypto investments.
World Liberty Financial launched a USD-tied stablecoin alongside its native coin, WLFI.
WLFI price action
The altcoin exhibited significant bullishness at press time, hovering at $0.0000000000003704, up 190% on the daily timeframe.
Source – CoinmarketcapWLFI’s daily trading volume has soared over 1.500% to $192K, signaling intensified investor activity.
The prevailing outlook suggests continued uptrends for the $340K-market cap token.
Enthusiasts will likely watch whether WLFI will extend its gains amid broad market bearishness.
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