Justin Sun, founder of the TRON blockchain, significantly increased his investments in projects tied to Donald Trump. His new financial commitment is gaining attention in the crypto market.
Sun's Investments in TRUMP Tokens
Justin Sun announced the purchase of $100 million worth of TRUMP tokens. This decision follows his previous investment of $40 million in the same memecoin. Sun has also increased his stake in World Liberty Financial to $75 million, aligning his support with Trump-affiliated cryptocurrencies.
TRON and Mastercard's Strategic Partnership
The TRON Foundation has partnered with Mastercard's Asia-Pacific division, enabling TRX payments on Mastercard-linked virtual debit cards. This is expected to enhance the usability of TRX in retail and e-commerce across countries like Singapore, Vietnam, and the Philippines.
TRON and Digital Identity in Africa
TRON DAO has signed a multilateral agreement with the Smart ID initiative backed by the African Union. This project aims to use TRON's smart contracts for authenticating and storing decentralized identity records in six African nations, marking a move towards creating web infrastructure.
Justin Sun's investment in the TRUMP memecoin and strategic initiatives with TRON underscores the importance of synergies between cryptocurrency projects and their social connections. However, experts express caution regarding the volatility of this market.
