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Tron (TRX) Founder Justin Sun’s $100M $TRUMP Token Purchase Sparks Market Rally

Tron (TRX) Founder Justin Sun’s $100M $TRUMP Token Purchase Sparks Market Rally

Author:
TRX News
Published:
2025-07-10 08:34:17
13
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In a bold move that has sent ripples through the cryptocurrency market, Justin Sun, the founder of Tron (TRX), announced plans to purchase $100 million worth of OFFICIAL TRUMP ($TRUMP) tokens, a memecoin endorsed by former U.S. President Donald Trump. This strategic acquisition follows the token's recent integration with the Tron blockchain via LayerZero, marking a significant alliance between the two projects. The announcement immediately fueled a 5% surge in the $TRUMP token's price, which climbed to $9.01, while Bitcoin also showed concurrent gains. This development underscores the growing influence of high-profile endorsements and strategic blockchain integrations in driving market momentum. As of July 10, 2025, the cryptocurrency community is closely watching how this partnership will evolve and its potential impact on the broader market.

Justin Sun Announces $100M Purchase of Trump-Backed Memecoin $TRUMP, Fueling Market Rally

Justin Sun, founder of Tron (TRX), revealed plans to acquire $100 million worth of OFFICIAL TRUMP ($TRUMP) tokens, a memecoin endorsed by former U.S. President Donald Trump. The announcement follows the token's integration with the Tron blockchain via LayerZero, signaling a strategic alliance between the projects.

The $TRUMP token surged 5% to $9.01 following Sun's pledge, as Bitcoin concurrently approached a record high of $112,000. With a $1.8 billion market cap and $9 billion FDV, the memecoin now positions itself as a potential outperformer in the politicized crypto niche.

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