Justin Sun, the billionaire founder of the cryptocurrency Tron, made headlines by becoming one of the biggest holders of the $TRUMP meme coin with an investment exceeding $20 million. He showcased his support for President Trump at a recent gala, capturing the moment on social media. Alongside this investment, Sun also allocated $75 million to another cryptocurrency initiative linked to the Trump family. His fanfare at the event reflects a strategy to align with Trump amidst ongoing scrutiny from regulators following fraud and market manipulation charges against him in 2023.
Sun, who founded the cryptocurrency Tron, has good reason to present himself as Trump's biggest fan.
Sun has spent more than $20 million on the $TRUMP meme coin, making him one of the largest holders.
It was clearly a big night for Sun, who holds more than $20 million in the $TRUMP meme coin.
He also invested $75 million in another Trump family crypto project, World Liberty Financial, after his election victory.
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