- World Liberty Financial plans to buy TRX tokens, expanding its $90M crypto treasury.
- Justin Sun invests $30M in World Liberty Financial, becomes largest WLFI token holder.
- Tron delegation set to attend Trump’s inauguration, reflecting strong political ties.
According to an announcement, U.S. President-elect Donald Trump’s family-backed crypto initiative, World Liberty Financial, joined funding movers Gemini to purchase Tron (TRX) tokens to improve its treasury. It comes as part of a wider push by the firm to further its entry into the cryptocurrency realm. According to a source close to the matter, the purchase is meant to bolster the project’s current assets without divulging the amount or timing.
The project has previously shown a keen interest in diversifying its crypto holdings, having invested over $12 million last month in various altcoins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). This upcoming acquisition of TRX tokens will further enhance World Liberty Financial’s strategic position within the cryptocurrency ecosystem.
Strategic Ties with Tron and Crypto Advocacy
Justin Sun, founder of the Tron network, is a significant advisor and the largest token holder in the World Liberty Financial project, having invested $30 million in the WLFI tokens. Sun’s involvement in the arrangement signifies a close relationship with World Liberty Financial and the Tron ecosystem, which will influence the project’s development and marketing strategies.
With President elect Trump about to take office, his administration is expected to usher in a new era of crypto friendly regulations. Further, the Trump family endorsed the World Liberty Financial and visions to offer crypto financial services. This alignment is seen as pivotal in potentially shaping favorable conditions for the growth of the digital asset sector in the U.S.
Inauguration Expectations and Market Movements
The crypto community is closely watching the upcoming presidential inauguration, expecting positive outcomes for the industry. Representatives from Tron are slated to attend the ceremony, highlighting the project’s support and its ties to the political landscape. This involvement also reflects the growing intersection of cryptocurrency with mainstream political and economic activities.
Following the news of World Liberty Financial‘s plan to purchase TRX tokens, the price of Tron experienced a notable surge, reaching an intraday high of $0.2587. However, the price subsequently adjusted, reflecting the volatile nature of the crypto markets. These movements illustrate the market’s sensitivity to news involving significant stakeholders and anticipated regulatory changes.
