Justin Sun Drops Bombshell: $100M Pledge for Official Trump Memecoin—Market Braces for Impact
Crypto heavyweight Justin Sun just threw a grenade into meme markets—announcing a jaw-dropping $100M buy-in for the 'Official Trump Memecoin.' Is this political posturing or the ultimate degens' rallying cry?
The TRUMP token's wild ride
Sun's pledge sent shockwaves through crypto Twitter, with traders scrambling to decode whether this is a strategic power play or pure speculative theater. Either way, liquidity pools are bracing for turbulence.
Wall Street watches—and scoffs
Traditional finance elites are already rolling their eyes—another 'serious investment' in assets born from internet chaos. But in crypto-land? This is exactly the kind of headline that turns cult tokens into market-moving beasts.
One thing's certain: when Sun talks, markets listen. Whether they should is another question entirely.
Sun’s ties to Trump deepen
Other than its Trump memecoin investments, Sun also has deep ties to other Trump crypto ventures, especially World Liberty Financial. So far, Sun has invested $75 million in WLFI, a MOVE that won him an advisor role at the company.
Subsequently, WLFI made tron one of its reserve assets, and its TRON holdings amounted to $9.63 million in January. What is more, on July 7, Official Trump memecoin announced that it would launch its token on the Tron blockchain, giving it more exposure.
However, the partnership has yet to lift the token’s price performance. TRUMP is currently trading below $9, down nearly 90% from its all-time high of $75.35 in January. The current price also sits NEAR the lowest level since its post-ATH collapse.
Sun’s connections to Trump’s businesses have also raised eyebrows. Notably, his $75 million investment in WLFI coincided with the U.S. Securities and Exchange Commission’s decision to pause its investigation into his other ventures.
