Justin Sun Invests in WLFI

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Justin Sun, the creator of TRON blockchain, recently disclosed a $45 million venture in World Liberty Financial (WLFI), a cryptocurrency initiative connected to the U.S. President-elect Donald Trump. This announcement was made just prior to Trump’s inauguration, highlighting Justin Sun’s affiliation with WLFI.

World Liberty Financials Under Justin Sun

Through this fresh round of funding, the accumulated investment by the TRON Decentralized Autonomous Organization in WLFI now stands at a whopping $75 million.

Our company, TronDao, is expanding our financial commitment towards World Liberty Financial, pouring in an extra $45 million. This brings our overall investment up to a total of $75 million. #WorldLibertyFI #EricTrump #DonaldJTrumpJr #realDonaldTrump

— H.E. Justin Sun 🍌 (@justinsuntron) January 20, 2025

Interestingly, Sun’s investments suggest an expanding impact in the international financial scene. Simultaneously, World Liberty Financial posted a 5% rise in their token supply on X platform. This expansion enhances liquidity, providing more opportunities for investors and users to interact with WLFI’s offerings.

At present, there are approximately 36,612 individuals holding tokens in each market, indicating a substantial investor community that’s keen on WLFI’s mission to develop a more decentralized financial (DeFi) system. With Sun pouring $45 million into WLFI, the company now boasts a robust financial foundation for accelerated growth. This investment will be utilized to fuel technology advancements, marketing efforts, and widening user reach.

Remember that Trump introduced the World Liberty Financial DeFi project back in September 2024. But it wasn’t until later that the project leaders announced the release of their native WLFI tokens. The token’s launch got off to a bumpy beginning, as the value of WLFI plummeted by an astonishing 96% at its initial debut.

A couple of months down the line, Justin Sun injected $30 million as a strategic move, which significantly improved the perception about the token. As a result, World Liberty Financial appointed Sun as their advisor.

Since its inception, the DeFi project has made investments to demonstrate its faith in cutting-edge crypto projects. According to previous reports by Coinspeaker, WLFI invested over $45 million across different cryptocurrencies. Data from on-chain provider Lookonchain indicates that since November 30, World Liberty spent approximately 30 million USDC.

The funds were utilized to acquire 8,105 ETH and an additional 10 million USDC to purchase 103 Coinbase Wrapped BTC.

The project further diversified its portfolio by spending 2 million USDC to purchase LINK and another 2 million USDC on AAVE. Additionally, it invested 500,000 USDC in ENA and allocated 250,000 USDC for buying ONDO. Here’s a brief overview of the digital currencies involved:

– LINK: Purchased at $25.66 with a 24h volatility of 13.8% and a market cap of $16.13 B. The daily trading volume was $3.49 B.
– AAVE: Acquired at $343.6 with a 24h volatility of 16.1% and a market cap of $5.17 B. The daily trading volume was $1.61 B.
– ENA: Invested 500,000 USDC at a price of $0.90 with a 24h volatility of 8.0% and a market cap of $2.74 B. The daily trading volume was $1.24 B.
– ONDO: Bought for $1.42 with a 24h volatility of 0.5%, a market cap of $4.48 B, and a daily trading volume of $862.41 M.

As a crypto investor, I’ve learned that a total of approximately 20.86 billion WLFI tokens have already been sold, with about 4.138 billion still available for purchase. In normal market conditions, WLFI offers the convenience of buying tokens through Ethereum (ETH), USD Coin (USDC), Tether (USDT) – currently priced at $1 each.

Interestingly, the 24-hour volatility for USDT and WETH stands at 0.0% and 6.9%, respectively. The market cap for these cryptocurrencies is quite substantial: $138.19 billion for USDT and $10.36 billion for WETH, with a 24-hour volume of around $134.39 billion and $2.80 billion respectively.

The Bigger Picture

The incoming Trump administration is likely to make it easier for everyone to use digital assets and Web3 technologies, ensuring fairness among all involved parties.

Primarily, it’s crucial to note that the U.S. Securities and Exchange Commission (SEC) could establish a definitive structure, one that has been approved by Congress. According to market specialists, this clarity would potentially put an end to the current uncertainties, which are hindering progress and innovation within the system.

As a result, it’s predicted that the crypto market will experience rapid expansion over the next few years, potentially outgrowing the value of all gold currently in circulation. Furthermore, there are ongoing discussions among some nations about establishing a strategic Bitcoin reserve, which seems to mirror the strategies proposed by the Trump administration in this context.

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2025-01-20 15:12