Tron’s Justin Sun Ties Up Record-Breaking $891.2M in Trump’s WLFI
Tron creator Justin Sun has considerably bolstered his position with almost $200 million in world Liberty Financial (WLFI) tokens. This revelation sparks intrigue around the cryptocurrency’s future.
On Monday,Sept. 1, Tron’s value dipped slightly to $0.3364.The decline aligns with Sun’s growing involvement with Trump’s crypto projects. Sun’s current WLFI holdings stand at approximately $891.2 million, marking a considerable commitment to the project.
Sun asserts he won’t liquidate his stake anytime soon.He also plans to expand the circulation of the USD1 stablecoin up to $200 million on the Tron network. This progress strengthens the bond between Tron and Trump’s cryptocurrency ventures.
- Justin Sun pledged $30 million to WLFI in November.
- His backing makes him the biggest individual investor.
However, questions arise about Sun’s increasing focus on Trump’s projects, potentially diverting attention from Tron. This shift, alongside the massive realized profits by Tron whales – especially those holding as 2021-2022, adds uncertainty to Tron’s trajectory.
Glassnode reported nearly $1.4 billion in profits, primarily from long-term holders. this surge indicates whales might be cashing out, possibly leading to Tron price pressures in the coming days.
