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As Donald Trump prepares for the presidency, the Trump-backed cryptocurrency initiative World Liberty Financial has announced plans to invest in TRON (TRX) tokens. This initiative strengthens the connection between Trump’s supported crypto project and Justin Sun’s Tron ecosystem.
Plans for TRX Investments
According to informed sources, Trump’s World Liberty Financial intends to expand its cryptocurrency portfolio with TRON investments. Although the exact amount of TRX to be invested is not finalized, a significant portion of the organization’s profits is expected to be allocated to this investment.
Justin Sun, who serves as an advisor in Donald Trump’s crypto organization, is set to play a crucial role in the project’s TRX investment strategy as the largest holder of WLFI tokens. The organization raised approximately $90 million by selling WLFI tokens, with Sun purchasing around $30 million worth of tokens in November.
Support for Crypto Ball by Digital Sovereignty Alliance
The Digital Sovereignty Alliance, a non-profit social service organization established by Tron, is supporting the Crypto Ball event scheduled during Donald Trump’s inauguration. The organization proudly stated, “Digital Sovereignty Alliance supports the first Crypto Ball celebrating American innovation.”
Following the announcement of World Liberty Financial’s TRX acquisition, the TRON token reached a weekly peak. At press time, the token is trading at $0.2443 with a daily increase of 0.47%. Although it has experienced a 7% decline over the month, TRON has seen a 0.72% increase in the past seven days.
The 24-hour trading volume of the TRON token has surged by 40%, currently hitting $1.33 billion. World Liberty Financial’s investment in TRX continues to have a positive impact on the Tron ecosystem.
