In a move that’s bound to divide attention in the crypto realm, Tron Founder Justin Sun is crediting Donald Trump for some of his success as Trump-affiliated World Liberty Financial (WLFI) increases its stake in Tron’s TRX.
The Trump family’s DeFi platform, has bolstered TRX’s presence in their crypto portfolio significantly, now holding a total of $7.86 million, according to on-chain data.
In my view, if I have made any money in cryptocurrency, all credit goes to President Trump @realDonaldTrump. Both Trump Coin and World Liberty Financial are bound to perform exceptionally well.
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
The data shows WLFI has made three purchases of Tron token so far, each containing 10.8 million coins — valuing the overall stake at the time of writing at $7.86 million.
This makes TRX the fifth biggest holding in the project’s portfolio, according to data from from Spotchain.ai.
The DeFi project owns about $195 million in Ethereum, and $48 million in Bitcoin-pegged ERC-20 token WBTC. It also has $32.9 million in Lido Staked ETH (StETH).
When it comes to WLFI loading up on TRX, this isn’t some one-side favor.
Justin Sun has been raising his commitment toward the Trump family project as well.
Sun was made advisor to WLFI after he had invested $30 million in the project in November. On Monday, Trun announced that he was continuning to increase his investment in WLFI, pumping in another $45 million.
“The president’s conviction in TRON is unwavering. He will keep buying, just like others who truly believe,” Sun said, appealing for his cryptocurrency.
TRX coin is up about 5.5% today, trading at 25 cents. The cryptocurrency hit its all-time high of $0.44 two months ago alongside Bitcoin’s rally to $100,000.
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