Tron's Justin Sun Goes All-In on Trump Memecoins: "We're Buying $100M of TRUMP!"

Holy moly, the crypto world is buzzing! Tron founder Justin Sun, the man who never shies away from making headlines, just dropped a bombshell: he's ready to throw down a cool $100 million on Trump memecoins!

Yeah, you heard that right. The Official Trump (TRUMP) memecoin has been scraping the bottom of the barrel lately, but that hasn't stopped the big shots from backing it. On Wednesday, July 9, Sun came out swinging, announcing he'd be snapping up a massive chunk of the former President's memecoin through his various ventures.

"We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto. This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes. $TRUMP on #TRON is the currency of #MAGA!" Sun proclaimed, firing up his social media followers.

But wait, there's more! Sun isn't just some casual investor in this memecoin madness. He's the biggest whale in the Trump token pool, amassing a stash of 1.4 million tokens before Trump's exclusive dinner with the top dogs. Back then, his holdings were worth a cool $19 million, but now they've taken a hit, sitting at around $12.6 million.

Sun's Ties to Trump Deepen

And that's not all, folks. Sun's got his fingers in other Trump crypto pies too, especially World Liberty Financial. He's already sunk $75 million into WLFI, scoring himself an advisor role in the process.

But Sun's influence doesn't stop there. WLFI made TRON one of its reserve assets, with a whopping $9.63 million in TRON holdings back in January. And just a couple of days ago, on July 7, the Official Trump memecoin crew announced they'd be launching their token on the Tron blockchain, giving it a serious boost in exposure.

But here's the kicker: even with all this hype, the token's price is still in the dumps. TRUMP is trading below $9, a far cry from its all-time high of $75.35 back in January. It's sitting pretty close to the lowest point since its post-ATH nosedive.

And get this: Sun's ties to Trump's businesses have raised more than a few eyebrows. His $75 million investment in WLFI just happened to coincide with the SEC hitting pause on their investigation into his other ventures. Coincidence? You be the judge.