Tron founder Justin Sun, known for his bold claims, announced plans to invest $100 million in memecoins associated with Donald Trump.
Plans to Purchase Trump Memecoins
Justin Sun announced his intention to purchase $100 million worth of Trump memecoins through various ventures. This move highlights his belief in collaborating across crypto communities.
> "We are committed to buying $100M of TRUMP! Together, TRUMP and TRON are the future of Crypto," Sun stated on social media.
Sun's Ties to Trump's Crypto Ventures
In addition to memecoin investments, Sun has established connections with other Trump crypto initiatives, notably World Liberty Financial, where he invested $75 million. This investment also granted him an advisory role at the company, which recently announced TRON as one of its reserve assets.
Current Status of Trump Memecoins
Despite the backing and investment from high-profile figures, Trump memecoins are trading near yearly lows. Currently, the token is valued under $9, nearly 90% down from its all-time high.
Justin Sun's investments and involvement with Trump memecoins reflect his confidence in the crypto market, despite the ongoing price volatility.
