Justin Sun rescues Trump-backed DeFi project with $30M token purchase
Sun’s investment helps World Liberty Financial hit sales target, unlocking payouts for project founders, including Trump.
Because Bitcoin
November 25, 2024
After months of sluggish sales, the Trump family’s DeFi project, World Liberty Financial, received a boost from Justin Sun, founder of the Tron blockchain, who bought $30 million worth of the project’s governance token, WLFI. This purchase gave Sun control of the majority of WLFI tokens in circulation.
Originally aiming for $300 million in token sales, World Liberty reduced its goal to $30 million due to weak demand. Sun’s purchase allowed the project to finally reach that milestone, closing its initial token offering as planned.
This also means key participants, including Donald Trump, will now receive payouts, with a Trump-affiliated LLC set to earn 75% of the net revenues from sales exceeding the $30 million target—approximately $15 million from Sun’s purchase alone. While there are plans to reinvest these earnings into the platform, no formal commitment has been made.
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