Justin Sun, founder of the TRON blockchain, has increased his stake in World Liberty Financial to a total of $75 million by committing an additional $45 million into the project.
Sun made the announcement on his X on Sunday, making him to the primary stakeholder of the cryptocurrency project associated with U.S President Donald Trump.
Sun has previously made a $30 million investment in the project back in November 2024, which positioned him as the primary stakeholder.
Sun has strategically made this move shortly before the inauguration of Donald Trump, hence highlighting the growing strategic partnership between Sun and WLFI. Intriguingly, the investments also signal Sun's growing influence in the global financial world.
WLF Token launch disaster
Meanwhile, World Liberty Financial has recently announced a 5% increase in its token supply, a move aimed at increasing liquidity and offering more opportunities for investors and users to engage with the platform.
The project has already attracted 36,612 token holders, demonstrating widespread interest in its mission to build a decentralized financial ecosystem. Sun's new investment will also grant WLFI greater monetary resources to invest into technological innovations, enhance marketing efforts and expand its user base.
The WLFI project was first launched by none other than Donald Trump himself in September 2024, but the token was launched only much later. The token's launch recorded a rocky start, as WLFI tanked by 96% at its debut. However, Justin Sun’s earlier $30 million investment helped restore market confidence, and in recognition of his support, Sun was later appointed advisor to the company.
WLFI's investment in cryptocurrencies
Since its inception, WLFI has made strategic investments totaling over $45 million in various cryptocurrencies. On-chain data shows the project allocated 30 million USDC to purchase 8,105 ETH and an additional 10 million USDC to acquire 103 Coinbase Wrapped BTC.
Other investments include 2 million USDC each for LINK and AAVE tokens, 500,000 USDC for ENA, and 250,000 USDC for ONDO. With 20.86 billion WLFI tokens already sold, 4.138 billion tokens remain available for purchase through multiple payment options, including ETH, USDC, USDT, and WETH.
So what can we expect from the first 24 Hours of Trump's inauguration?
Donald Trump had made many promises to his supporters, and the crypto community is also expecting the Trump administration to play a transformative role in advancing the adoption of digital assets and Web3 protocols and create a more level playing field for participants in the industry.
Most importantly, the Trump administration is getting ready to solve on of the biggest problems that has plagued the crypto community in the USA for the longest time ever, which is the issue surrounding the need for a clear regulations. Only when the issues regarding regulations are resolved, will the crypto have a breakthrough and reach even higher heights.
But with Trump now as the new president of the United States, many are speculating that the crypto industry is projected to grow exponentially in the coming years, surpassing the gold market in terms of capitalisation.
Globally, discussions about establishing national Bitcoin reserves are gaining momentum, a trend seemingly aligned with plans under the Trump administration. With the continued backing of influential figures like Justin Sun, World Liberty Financial is poised to play a key role in reshaping the financial landscape through decentralized finance.