The post Tron DAO Injects $45M in WLFI Token as Trump Takes Office appeared first on Coinpedia Fintech News
As Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
the pro-crypto U.S. President-elect, prepares to take office tomorrow, the cryptocurrency world is buzzing with anticipation. With his support for digital assets, the stage is set for a new era in Web3. One project catching everyone’s attention is World Liberty Financial (WLFI), which has already made a strong impact in the DeFi space.
But what’s behind this surge in interest, and why are whale investors diving in?
The initial pre-sale of WLFI tokens sold out 20 billion units, leading the World Liberty Financial team to release an additional 5% of the token supply. This expanded the pre-sale to 25 billion units. As of now, 800 million of the 5 billion extra tokens have already been sold.
Tron DAO Doubles Down on WLFI
Tron DAO made waves last year by investing $30 million in World Liberty Financial, and justin sun
justin sun
Justin Sun is the founder of Tron and CEO of BitTorrent.He holds a graduate degree in East Asia studies from the University of Pennsylvania and a B.A. in history from Peking University. He has become the most renowned figure in the blockchain space, known for his intricate advertising strategies. Sun founded the blockchain-based operating platform TRON and launched the TRX token in 2017. In September 2017 his company Tron held an initial coin offering (ICO) for the TRX token.Sun also owns the crypto exchange Poloniex and is affiliated with the crypto exchange HTX (formerly Huobi). He is an ambassador, Permanent Representative of Grenada to the WTO, and a Geneva-based Chinese-Grenadian negotiator, business visionary, and business chief. In 2015 he was named CNTV's most essential new business person and was named in Forbes China 30 Under 30 from 2015 through 2017.
Detail
Organization: TRONLocation: Geneva, SwitzerlandEducation: Master of Arts (M.A.) in Political Economy from the University of Pennsylvania (2011 - 2013).Skills: blockchain development, entrepreneurship, strategic vision, market influence, and networking
Awards
Crypto Entrepreneur of the Year: Given at Blockchain Life 2023 in recognition of his leadership at HTX and contributions to the cryptocurrency space.Centralized Exchange of the Year: Awarded to HTX at Blockchain Life 2023, under his leadership.Metaverse Navigator Award: Given during the Wiki Finance Expo in November 2023 to recognize his contributions to the metaverse domain.Financial Independence Ambassador Award: Also given at the Wiki Finance Expo in November 2023 for advocating financial independence via blockchain technology.Cryptocurrency Entrepreneur of the Year: Recognized at the October 2023 Blockchain Eco Conference in Dubai.
Experience
Founder of TRON: In 2017, the TRON Foundation was founded, and the TRX token was introduced through an initial coin offering (ICO) that brought in over $70 million.CEO of Rainberry (previously BitTorrent Inc.): Oversaw the creation of the BTT cryptocurrency token when purchasing BitTorrent for $140 million in 2018.Principal Agent at Ripple Labs: worked from 2014 to 2016, learning about cross-border payments and blockchain technology.Founder of Peiwo: Before working on blockchain, he launched a well-known voice-based social networking service in China.Diplomatic Role: From 2021 until 2023, I served as Grenada's Permanent Representative to the World Trade Organization (WTO), campaigning for cryptocurrency and technological progress.Acknowledgment: Named a Davos Global Shaper in 2014 and included in Forbes' 30 Under 30 Asia list.
FAQs
Who is Justin sun?Chinese entrepreneur Justin Sun founded TRON and is well-known for his acquisitions of BitTorrent and Poloniex as well as his significant influence in the blockchain space.Justin sun Net worth?As of early 2024, Justin Sun's net worth is projected to be at least $1.4 billion, however, some sources put it as high as $1.5 billion.
EntrepreneurInvestorCrypto and Blockchain ExpertChief Executive Officer
the founder of Tron, joined the project as an advisor. Recently, Tron DAO has increased its investment by another $45 million, raising its total stake in WLFI to around $75 million.
Tron’s increased investment has attracted more whale investors to the WLFI pre-sale. For instance, whale investor convexcuck.eth spent 1,082 ETH, along with $1.39 million in USDT and USDC, to buy 323,226,263 WLFI tokens in just 24 hours, according to data from Spot On Chain.
A Look at Trump’s Administration
World Liberty Financial’s rise signals the incoming Trump administration’s push for Web3 technologies and digital assets. Trump and First Lady Melania Trump have already launched their own memecoins on the Solana blockchain to engage their supporters.
As of now, Official Trump (TRUMP) and Melania Meme (MELANIA) have a combined market value of about $13.5 billion, less than 48 hours after launching. The strong demand for these tokens has caused some congestion on the Solana network, showing just how popular they’ve become.
What’s Next for TRX Under Trump?
With Trump’s pro-crypto policies, the Tron network could see easier entry into the U.S. market. There’s also a possibility that a spot TRX ETF could be approved under his administration, which would further drive adoption of Tron’s native token, TRX.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
0 Comments