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Justin Sun’s $100M TRUMP Token Bet Signals Deepening Crypto-Political Tie-Up
- Justin Sun plans to pour another US$100M into the Solana-based TRUMP token, bridging it to TRON via LayerZero to make it a flagship meme coin on his network.
- Sun already holds US$19M in TRUMP and has deep ties to Trump’s crypto push, including a US$75M stake in World Liberty Financial after an initial US$30M buy.
- Sun sees TRON as the next-gen settlement layer for stablecoins and meme coins, while navigating an SEC lawsuit that may soften under Trump’s pro-crypto stance.
Justin Sun, founder of TRON, wants to stamp TRON’s logo all over Donald Trump’s crypto ventures, and he’s ready to drop another US$100M (AU$151M) to do it.
“We are committed to buying $100 million of TRUMP. Together, TRUMP and TRON are the future of crypto” Sun said on X, tagging @GetTrumpMemes, the official TRUMP account. “Trump on TRON is the currency of MAGA!” Sun added.
Sun told CoinDesk in an exclusive interview that the buy is another step for pushing TRON’s growth into Trump’s pro-crypto orbit. The Solana-native TRUMP token will get bridged to TRON using LayerZero, Sun said, and become a flagship asset on the network.
“I think TRON has the potential to become the next-generation settlement layer, not only for stablecoins, but also for meme coins and other popular assets,” Sun said.
Related: Bitcoin Caught Between $100K Support and $110K Resistance as Traders Eye Breakout
Sun’s Bid into TRUMP and WIF
Sun already holds nearly US$19M (AU$28.8M) in TRUMP, making him one of its largest whales. He even showed up at a gala dinner with Trump earlier this year, flanked by other mega-holders and political insiders.
Monday, Tron DAO confirmed that Trump’s memecoin will launch on the TRON network. The token hovered at US$10.10 (AU$15.33) on Friday, climbing 14% over the past week.
Sun’s Trump ties go deeper than this week’s headline splash.
After Trump’s November victory, Sun funneled US$30M (AU$45M) into World Liberty Financial, another Trump-adjacent project that soon appointed Sun as an advisor. His stake later ballooned to US$75M (AU$113M). In January, World Liberty bought millions in TRX tokens.
It’s a tidy alignment of interests for Sun, who’s still untangling a high-profile SEC lawsuit. The same regulator that once went after Sun for allegedly selling unregistered TRX and BTT now appears ready to negotiate under Trump’s crypto-hungry administration.
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Related: Senate Banking Committee Convenes Crypto Power Panel Ahead of Landmark Regulation Vote
Author
José Oramas
José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.
