Justin Sun, the founder of the Tron
With this purchase, Sun now holds the majority of the Ethereum
Initially, WLFI set out to raise $300 million through token sales. However, with slow demand, that goal was slashed by 90%, bringing the target down to $30 million. Even with the lower goal, sales had only reached a little over $20 million—until Sun’s big purchase changed everything.
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Sun’s investment pushed WLFI past the $30 million mark, officially ending the token sale, as stated in a filing with the US Securities and Exchange Commission (SEC).
According to the project’s white paper, contributors like President-elect Donald Trump would only receive earnings after the project raised $30 million to cover expenses.
Now that the goal has been met, a Delaware company tied to Trump will receive 75% of the extra revenue from token sales beyond the initial $30 million. This means Trump’s entity stands to gain $15 million from Sun’s investment alone.
Meanwhile, Sun was quick to connect his investment to Trump. He posted on X, “The US is becoming the blockchain hub, and Bitcoin
Justin Sun isn’t just making waves in crypto—he’s grabbing attention in the art world, too. His latest $6 million art purchase comes with a wild twist. What did Sun do to grab everyone’s attention? Read the full story.
