World Liberty Financial Acquires TRON (TRX) Tokens, Here’s Why

The Justin Sun ties with World Liberty Financial is on track to be strengthened with the DeFi project planning to buy Tron (TRX)
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World Liberty Financial Acquires TRON (TRX) Tokens, Here’s Why

Highlights

  • Trump-backed World Liberty Financial plans to buy Tron's TRX tokens to expand its portfolio.
  • Tron-established DSA announced its sponsorship of Trump's Crypto Ball.
  • TRX token surged to a 7-day high of $0.259, following World Liberty's TRON integration announcement.

As US President-elect Donald Trump prepares to take office, World Liberty Financial, a cryptocurrency initiative supported by his family, has announced plans to invest in Tron (TRX). This initiative strengthens the Trump-backed crypto project’s ties with Justin Sun’s Tron ecosystem.

However, there are no confirmations on the amount of tokens Trump’s crypto organization intends to add to its portfolio. Sun, being an advisor at World Liberty Financial and the largest holder of the WLFI token, will likely play a crucial role in the project’s TRX investment strategy.

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World Liberty Financial Expands Portfolio with TRON Investments

As reported by people familiar with the matter, Trump’s World Liberty Financial has plans to expand its cryptocurrency collection with TRON investments. Though it is unclear how much TRX the entity would purchase, it is estimated that a significant portion of its profits would be used for the investment.

Since its launch in September, Trump’s crypto organization has spent about $12 million to buy assets like Ethereum (ETH), Aave, and Chainlink (LINK). Further, it’s worth mentioning that the organization has raised almost $90 million by selling its WLFI tokens. Notably, Sun, the single-largest holder of WLFI, acquired tokens worth about $30 million in November.

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Tron DAO’s DSA Sponsors Trump’s Crypto Ball

In a parallel development, the Digital Sovereignty Alliance, a nonprofit social welfare organization established by Tron, is backing Donald Trump’s inaugural Crypto Ball. In a recent X post, the organization announced, “Digital Sovereignty Alliance proudly sponsors the inaugural Crypto Ball, celebrating American innovation alongside President-elect Trump’s inauguration.”

Expressing appreciation for Trump’s potential inauguration and the DSA’s Crypto Ball sponsorship, Justin Sun stated,

As President-elect Donald Trump takes office, I’m excited about the opportunities for forward-thinking crypto policies that can drive growth and innovation, not just in the U.S., but across the global blockchain industry.

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World Liberty Financial’s Investment Plan Sends Tron to a Weekly High

Following World Liberty Financial’s TRX acquisition announcement, TRON token reached a weekly high of $0.259. As of press time, the token is trading at $0.2443, marking a marginal daily surge of 0.47%. Despite a monthly loss of 7%, the TRON token gained 0.72% over the last 7 days. In addition, the 24-hour trading volume of the token has also seen a notable growth of 40%, currently at $1.33 billion.

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Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

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