With Donald Trump set to become U.S. President, World Liberty Financial – a cryptocurrency endeavor associated with the Trump family – has unveiled intentions to invest in TRON (TRX) coins. This move fortifies the relationship between the Trump-endorsed crypto venture and Justin Sun’s TRON network.
Nevertheless, there’s no official word on how many tokens Trump’s cryptocurrency venture plans to acquire. Given that Sun, an advisor at Donald Trump’s crypto organization and a significant owner of the WLFI token, is likely to have a pivotal influence, it can be expected that he will significantly impact the strategy for investing in TRX.
World Liberty Financial Expands Portfolio with TRON Investments
According to sources knowledgeable about the situation, Trump’s World Liberty Financial is considering increasing its cryptocurrency portfolio by investing in TRON. The exact amount of TRX they intend to buy remains undisclosed, but it’s predicted that a substantial portion of their earnings might be allocated towards this investment.
Since its debut in September, Trump’s cryptocurrency venture has invested approximately $12 million on assets such as Ethereum (ETH), Aave, and Chainlink (LINK). Additionally, it’s important to note that the organization has garnered nearly $90 million by selling their WLFI tokens. It’s also worth mentioning that Sun, who holds the largest share of WLFI, purchased tokens valued at approximately $30 million in November.
Tron DAO’s DSA Sponsors Trump’s Crypto Ball
Simultaneously, the Digital Sovereignty Alliance, an organization founded by Tron and focusing on social welfare, has chosen to support Donald Trump’s first Crypto Ball. In a recent update on their platform, they expressed, “The Digital Sovereignty Alliance is thrilled to announce its sponsorship of the inaugural Crypto Ball, honoring American ingenuity while aligning with President-elect Trump’s inauguration.
The Digital Sovereignty Alliance is thrilled to be a part of the first-ever Crypto Ball, an event honoring American ingenuity, coinciding with President-elect Trump’s inauguration.#DSA eagerly anticipates collaborating with the incoming administration to nurture innovation via responsible policies that value public interests above all.
— Digital Sovereignty Alliance (DSA) (@DSAForg) January 16, 2025
In a show of gratitude for the prospective inauguration of Donald Trump and the DSA’s sponsorship for the Crypto Ball, Justin Sun expressed his sentiments.
With Donald Trump assuming the presidency, I’m eagerly looking forward to potential progressive crypto policies that could foster expansion and creativity, not only within the United States, but also on a worldwide scale for the rapidly growing blockchain sector.
World Liberty Financial’s Investment Plan Sends Tron to a Weekly High
After World Liberty Financial announced their acquisition of TRX, the TRON token hit a weekly peak of $0.259. At the moment of writing, the token is being traded at $0.2443, showing a modest daily rise of 0.47%. Although it has dropped by 7% over the past month, the TRON token managed to increase by 0.72% in the last week. Furthermore, the trading volume of the token within the last 24 hours has also experienced significant growth of approximately 40%, standing at $1.33 billion now.
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2025-01-18 10:40