As Donald Trump prepares for his presidential campaign, his cryptocurrency initiative, World Liberty Financial, has announced increased investments in TRON (TRX) tokens. This strengthens the connection between the initiative and the TRON system led by Justin Sun.
TRX Investment Plans
Sources reveal that World Liberty Financial aims to diversify its crypto portfolio by including TRON investments. While the specific amount for TRX funding remains unconfirmed, a substantial share of the organization’s profits is anticipated to be directed toward this venture.
Justin Sun's Involvement
Justin Sun, an advisor within Trump’s crypto initiative, plays a key role in the investment strategy for TRX due to his status as the largest holder of WLFI tokens. The organization successfully raised around $90 million from WLFI token sales, with Sun investing roughly $30 million in November. The Digital Sovereignty Alliance, a non-profit associated with Tron, is also backing the Crypto Ball event coinciding with Trump’s inauguration, highlighting its commitment to celebrating American innovation within the crypto space. The alliance’s statement emphasized their support for this unique event.
Investments and TRON Market
Following the announcement concerning TRX investments, the TRON token experienced a surge, reaching a weekly high. Currently priced at $0.2443, the token saw a daily rise of 0.47%. Despite a monthly drop of 7%, TRON recorded a slight increase of 0.72% over the past week.
The burgeoning investments by World Liberty Financial are poised to drive positive momentum for the Tron ecosystem, indicating a robust interconnection between political aspirations and cryptocurrency advancements.
