Justin Sun Invests $30 Million in Trump Sons' Project
Date: 2024-11-26 Author: Gabriel Deangelo Categories: BUSINESS
World Liberty Financial, a platform created by Donald Trump's sons, has attracted the attention of entrepreneur Justin Sun, who purchased $30 million worth of WLFI governance tokens. The deal made him the largest holder of WLFI, surpassing all previous token sales.
According to on-chain data, Sun purchased 2 billion WLFI at $0.015 per token. This amount exceeds the total number of tokens sold so far. As a result, Justin Sun's investment significantly strengthens the position of the project, which launched in September 2024.
World Liberty Financial initially aimed to raise $300 million by selling governance tokens only to accredited investors. However, low demand forced the team to revise their plans, reducing the target amount to $30 million. Despite this, only $21 million was raised in two months.
Interestingly, according to the platform's white paper, the Trump family will receive 75% of the project's profits once the $30 million funding goal is reached. After the deal with Sun, this mark was reached, giving the Trumps significant financial control over the initiative.
Justin Sun's investment has brought additional attention to the platform, which faced difficulties during the capital raising stage. Now the project can continue to realize its ambitious goals using the financial support and experience of the TRON founder.
