Tron (TRX) Founder Justin Sun Announces Intention to Buy $100 Million in Surprise Altcoin

Tron founder Justin Sun announced that they will invest $100 million in the memecoin project $TRUMP, named after US President Donald Trump. This strategic move, according to their statement, aims to support the development of the token on the TRON chain and increase cross-ecosystem cryptocurrency adoption by collaborating with communities like GetTrumpMemes. Sun used the following statements in his post on X (formerly Twitter) today: "We are committed to the $100 million acquisition of $TRUMP! $TRUMP and TRON together are the future of crypto. This move reflects our belief in growing the crypto ecosystem by working with communities like GetTrumpMemes." On Monday, the Tron DAO announced that the $TRUMP memecoin would be integrated into the TRON network. Earlier this year, Sun was also invited to a gala dinner attended by Donald Trump. According to CNBC, prior to the event, Sun stated that he held approximately $19 million worth of $TRUMP tokens and was the largest investor in the market. The Sun-Trump relationship isn't limited to the $TRUMP token. Shortly after $Trump was elected president in November 2024, Sun invested $30 million in World Liberty Financial, another crypto project named after the president. $Trump's sons are also involved as "ambassadors" in the project. Sun later increased this investment to $75 million and was appointed as an advisor to the project. In January, World Liberty purchased millions of dollars in TRON's native token, TRX. *This is not investment advice.