As I sat in my armchair, sipping my tea and staring out the window, I couldn’t help but think of the absurdity of it all. Justin Sun, the founder of the TRON blockchain, had just announced plans to purchase $100 million worth of Official Trump (TRUMP) tokens. Yes, you read that right – a meme coin associated with the infamous Donald Trump.
The news sent the price of TRUMP soaring, like a bird set free from its cage. It appreciated 7% over the past day, a rare uptick in a sea of downtrends. I couldn’t help but chuckle at the thought of investors scrambling to get in on the action.
Sun made the announcement on X (formerly Twitter), but the details of when the investment will be made remain shrouded in mystery. Ah, the suspense is killing me!
“We are committed to buying $100 million of TRUMP! Together, TRUMP and TRON are the future of crypto. This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes. TRUMP on TRON is the currency of MAGA!” the post reads.
We are so excited that @justinsuntron / @trondao is buying $100 Million of $TRUMP! $TRUMP ON #TRON!
— TrumpMeme (@GetTrumpMemes) July 9, 2025
It’s worth noting that Sun is one of the top holders of the TRUMP meme coin, with over 1.43 million TRUMP tokens to his name. That’s a whopping $13 million at current market prices. I suppose you could say he’s putting his money where his mouth is.
The TRUMP meme coin has had a wild ride since its launch earlier this year. It reached an all-time high shortly after its debut, but its price performance has since faltered. Recent data highlighted by BeInCrypto revealed large token transfers, raising concerns among investors. But Sun’s investment pledge seems to have breathed new life into the coin.
According to BeInCrypto data, the price has increased by 7% over the past 24 hours, and trading activity has surged. The meme coin’s 24-hour trading volume rose to $475.3 million, reflecting a remarkable 208.60% growth. 🚀
Meanwhile, TRON has been busy making announcements of its own. The blockchain recently announced plans to launch TRUMP on its mainnet, facilitated by LayerZero’s interoperability protocol. And just last week, it added support for World Liberty Financial’s stablecoin USD1. 🤑
Sun’s relationship with Trump-related crypto ventures is nothing new. In November 2024, he invested $30 million in the Trump-backed decentralized finance project (DeFi) World Liberty Financial. Shortly thereafter, the project named him as an advisor. And in January 2025, he made an additional $45 million investment in WLFI, raising his total investment to $75 million. 🤑
Read More
- Meta CEO Mark Zuckerberg Just Assembled a “Super Intelligence Avengers” Team That Could Totally Change the Game in Artificial Intelligence (AI). Here’s Why That Makes Meta a “Must-Own” AI Stock.
- 📢 BrownDust2 X BiliBili World 2025 Special Coupon!
- Genshin Impact 5.8 livestream: start times and where to watch
- KPop Demon Hunters Had a Kiss Scene? Makers Reveal Truth Behind Rumi and Jinu’s Love Story
- The Lucid-Uber Robotaxi Deal: How Nvidia Will Also Benefit
- Prediction: This Will Be Palantir’s Stock Price in 3 Years
- Gold Rate Forecast
- Why Tesla Stock Plummeted 21.3% in the First Half of 2025 — and What Comes Next
- Wuchang Fallen Feathers Save File Location on PC
- Superman’s Record-Breaking $21M+ Thursday Box Office: Highest of 2025
2025-07-10 10:11