The Tron network founder Justin Sun has joined Donald Trump’s crypto project World Liberty Finance (WLFI) as an advisor a day after investing heavily in the protocol.
The HTX advisor has made headlines over the past few weeks. Most recently, the WLFI project announced it has tapped Sun to join its advisory team.
The Donald Trump-tied decentralized finance (DeFi) project disclosed the move in a tweet on Tuesday. It stated that the Tron founder’s foresight and wealth of experience would help World Liberty Finance thrive in the blockchain sector.
Sun Joins WLFI After Heavy Investment
Meanwhile, WLFI’s Justin Sun recruitment came a day after the billionaire invested a lumpsum on the Trump-affiliated project. The Tron DAO and WLFI accounts announced that Sun had invested $30 million into the DeFi protocol.
We’re proud to announce our $30 million investment in World Liberty Financial (@worldlibertyfi), making #TRON its largest investor.
The U.S. is emerging as a global blockchain hub, and we’re committed to driving innovation and supporting growth in the United States. 🇺🇸 pic.twitter.com/ID0jtOdnkv
— TRON DAO (@trondao) November 25, 2024
Sun acquired $30 million worth of the WLFI token, becoming its largest holder. Notably, the token has failed to gain traction following its September launch due to restrictions on US residents and its revenue controversies.
However, Sun’s $30 million splash took the total sales to around $52 million. With the purchase, the Tron founder has now acquired 10% of WLFI’s ambitious $300 million sales target.
Nonetheless, Sun’s appointment was not without controversy, as the community questioned the criteria for his designation. For instance, notable market analyst Ali Martinez asked how much the Tron founder paid for the WLFI project role.
Meanwhile, Sun also made headlines last week for splashing $6.2 million on a banana. The HTX advisor bought an art of a banana held to a wall with duct tape with the staggering amount at Sotheby’s auction on November 21.
Donald Trump Liable for Profit on WLFI Token Sales
Notably, the WLFI team is now liable to take profit from the token sales following Sun’s purchase. The project’s “gold paper” disclosed that the crew could resume taking their 75% revenue from the token sales after its acquisition surpasses $30 million.
Nevertheless, the WLFI project prides itself on being the digital protocol that would disrupt the traditional financial system. Donald Trump’s involvement also indicates his pro-crypto stance, as he has described himself as the “Bitcoin president.”
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