Trump's Sluggish DeFi Project Gets a Big Boost From Justin Sun's $30M Token Purchase

Quick Summary:

Sun's investment, best known for creating the TRON blockchain, comes after World Liberty Financial saw slow initial sales of its WLFI token.

A spokesperson for TRON declined to directly comment on whether the sale was tied to Sun, but sources familiar with the matter told CoinDesk that he was behind the purchase.

World Liberty is a decentralized finance (DeFi) platform backed by the incoming U.S.president and all three of his sons.

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Article Details

Author / Journalist: Danny Nelson, Sam Kessler

Category: Crypto

Markets: United StatesCuba

Topics: Justin Sun Htx World Liberty Financial Huobi Donald Trump Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 19:00:47 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 38 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 23842411

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