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Justin Sun pays $30M to buy his way into Trump’s good books

CoinGeek LogoCoinGeek12h ago

Justin Sun pays $30M to buy his way into Trump’s good books - CoinGeek

Quick Summary:

Justin Sun is betting that currying favor with Trump might allow him to return to the U.S.; recently, he made noise in mainstream media coverage by buying up two billion WLFI tokens.

The post Justin Sun pays $30M to buy his way into Trump’s good books appeared first on CoinGeek.

It may not have helped that, around the same time, the Sun-linked ‘algorithmic stablecoin’ USDD appears to have removed around 12,000 BTC tokens from its reserves without any vote by the decentralized autonomous organization (DAO) that is supposed to participate in decisions of this magnitude.


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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 14:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1660 words

Reading Time: 10 minutes read

Sentences: 55 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23906407

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Official Website: coingeek.com

Update Frequency: 7 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 10 hours ago

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Publisher ID: #82

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