- Nansen has spotted a $15 million investment by Justin Sun into World Liberty Financial.
- The latest investment brings Sun’s WLFI holdings to $90 million.
- Tron’s latest investment signals confidence in the incoming Donald Trump administration.
Blockchain analytics platform Nansen has spotted a $15 million investment by Tron founder Justin Sun in the Trump-backed World Liberty Financial. Nansen considers Sun’s recent investment a reflection of his trust in the novel project and, by extension, Trump’s presidency.
The spotted investment is the latest in a series of funds Sun has poured into the project after the Tron founder announced a $45 million funding that brought TRON DAO’s investment into World Liberty Finance to $75 million. Hence, the additional $15 million funding spotted by Nansen brings Sun’s investment in the project to $90 million.
Related: Trump-Backed World Liberty Financial Grows Crypto Portfolio to $45 Million
WLFI Token Sale Reflects Strong Market Demand
Besides Sun, many crypto community members have shown optimism toward the World Liberty Finance project, as reflected in the early adoption of the WLFI token. The token sale process has seen World Liberty Finance dispense nearly all available tokens at the time of writing. The DeFi project has sold 20.86 billion tokens, leaving a remainder of 4.138 billion units of the portion made available for buyers.
Market participants attribute the strong adoption of WLFI to Donald Trump’s support of the project. Trump-affiliated DT Marks DEFI LLC and his family collectively own 60% of the equity in WLF Holdco LLC, which is the sole stakeholder in World Liberty Financial, Inc. This deep involvement has fueled widespread confidence in WLFI’s long-term potential.
Trump’s Crypto Backing Fuels Optimism for WLFI
Discussions around World Liberty Finance and its WLFI tokens are heating up ahead of Trump’s inauguration into office. Speculators consider the WLFI one of the crypto tokens that would experience massive adoption, considering its potential functionality and Trump’s backing.
Related: Donald Trump to Appoint Pro-Crypto Candidates in Key Positions
The sentiment behind WLFI aligns with the overall sentiment across the crypto market, with most stakeholders expecting the incoming administration’s support to be the tailwind behind a new narrative for crypto in the U.S.
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Source: https://coinedition.com/justin-sun-adds-15m-to-wlfi-investment-hours-into-donald-trumps-inauguration/