Justin Sun’s investment in WLFI: Justin Sun, founder of TRON, has announced that he has invested 30 million USD in World Liberty Financial (WLFI), a DeFi platform backed by Donald Trump. This is one of Sun’s important strategic moves in the cryptocurrency and financial sector, despite the challenges that WLFI is facing in raising funds from the community.
Challenges in WLFI’s fundraising: Despite support from Donald Trump, WLFI has faced many difficulties in attracting investment. Before Justin Sun’s involvement, the project had only raised 21 million USD, far from the 300 million USD target they set. This highlights significant challenges for new DeFi projects competing in a crowded market.
Investment conditions and WLFI’s ambitions: A condition is that Donald Trump’s company can only profit from token sales if total revenue exceeds 30 million USD. This has come true after Justin Sun’s investment. Under the leadership of Trump’s associates, WLFI aims to become one of the leading decentralized organizations in the world.
Justin Sun’s personal influence: By investing in WLFI, Justin Sun continues to affirm his strong presence in the cryptocurrency industry. Additionally, he caused a stir by purchasing a famous artwork for 6.2 million USD. This not only stimulates interest in the crypto market but also highlights Sun’s diverse investment strategy.