Justin Sun, co-founder of TRON, has committed to purchasing $100 million of the TRUMP token, marking a new milestone in the relationship between the TRON ecosystem and the TRUMP meme coin. Sun even commented that the TRUMP meme coin was the future of crypto, alongside the TRON token.
This is an example of how Sun reaches out to different crypto projects, despite their differences, to encourage teamwork in the blockchain sector. The TRUMP coin has a large following, largely due to the cult-like aspects of the MAGA movement, which is a key ingredient for the success of meme coins. Many memecoins fail to gain traction because they lack a sufficiently large following. Sun may be considering this aspect of the TRUMP token when stating that the coin will outlast other crypto projects.
Justin Sun has been supportive of meme coins and businesses associated with Trump. Sun announced recently that TRON would add compatibility with the TRUMP meme coin, allowing the two crypto projects to be used interchangeably. Sun has taken a keen interest in Trump-linked businesses and has made the auspicious decision to enter the US market. These are significant moves for the crypto billionaire, indicating that he wishes to take American businesses more seriously regarding his future investments.
Some traders may be sceptical about the TRUMP meme coin because it is on a steady downward cycle. However, TRON experienced five times the USDT transaction volume on its blockchain than Ethereum last week. It is unclear which project would benefit the most from this partnership. TRUMP coin benefits from being exposed to a major crypto ecosystem. The TRON ecosystem, however, benefits from increased political ties with the President of a major economy. Justin Sun’s empire is largely technical. At the same time, Trump’s empire is political and ideological.
The fusion of TRON tokens with the TRUMP meme coin is a serious attempt to scale a blockchain that is making headway in overcoming Ethereum. A $100 million investment by Sun is a small price to pay for marketability and access to the US market. Sun has the ability, moreover, to add technical precision to the TRUMP meme coin, giving it a much-needed boost amongst crypto traders. Sun could very well see long-term value in the Trump coin due to its cult following and connection with broader geopolitical events. Meme coins are generally a speculative trade at best. Sun, however, has focused his attention on the Trump empire and has made serious efforts to invest in crypto projects associated with Trump.
The crypto billionaire stated that he believes the TRUMP coin is more than just a display of wealth; it is an example of crypto developing alongside robust communities. This is why Justin Sun has described the coin as the currency of MAGA. He firmly believes that different ecosystems should interact to create a more open blockchain that people can use regularly. Sun has taken an interest in the arts and may see blockchain as more than simply a technological innovation, but as an expression of human ingenuity. The market reacted positively to Justin Sun’s announcement, with TRUMP coin surging over 6% and trading volume increasing by more than 200%.
World Liberty Financial is a crypto project affiliated with Trump. Sun invested around $75 million in the project. Sun has also invested $40 million into the TRUMP meme coins. And now he has promised to invest a further $100 million into TRUMP. There is a possibility that Justin Sun feels grateful for President Trump’s loosening of regulations to benefit the industry in which he works. There is no doubt that the new administration has been pro-crypto from the very start. Initially, Sun invested $30 million in the World Liberty Financial project, weeks after Trump became president. He then added money to his investment, bringing the total to $75 million. World Liberty Financial added Justin Sun as an advisor to their project. For some traders, this was an unexpected move by Justin Sun. World Liberty Financial has also reciprocated Sun’s advances and has invested millions in TRON’s TRX token.
