Crypto Billionaire Justin Sun Buys Another $100 Million of Trump’s Memecoin

Justin Solar, the founding father of Tron Blockchain, introduced this week that he purchased one other $ 100 million of Memecoin from Donald Trump, $ Trump. solar He already has a large amount From the unique. Mogul Crypto has additionally introduced that the foreign money will quickly be buying and selling on Blockchain.

All that is difficult due to the truth that Solar nonetheless appears She stumbled in a civil fraud case It was introduced towards him by the Securities and Inventory Trade Committee. In 2023, the Supreme Schooling Council filed a lawsuit towards Solar and his firms, They accused them of manipulating the market. In February, experiences indicated that SEC was looking for a attainable resolution to the difficulty. It wasn’t lengthy after it was Solar I invested 30 million dollars Within the different Trump encryption undertaking, World Liberty Monetary. There was no replace since then.

″ $ Trump on TON is #Maga coin, ” Sun wrote on x Wednesday. “This step highlights our perception in cooperation by ecosystems to develop the coding scene. ”

You could assume that purchasing tens of hundreds of thousands of {dollars} from the President’s encrypted foreign money on the similar time that I used to be overwhelmed in a federal authorized case is a battle of pursuits – and plainly it’s definitely one – however this isn’t a particular shock lately. The Trump administration brand may additionally make curiosity in curiosity once more, given the extent of uncertain conduct nowadays.

It’s considerably complicated it’s the cause for SUN’s curiosity in Trump encryption tasks. CNBC notes:

Trump has faltered for $ Since its launch in January, when it peaked on the market ceiling of $ 15 billion on the primary day of buying and selling Earlier than sliding sharply to about $ 2 billion as of July. In the meantime, the Melania $ 1 greater than 90 % of its supply in January fell to lower than 141 million {dollars}.

Solar is an attention-grabbing character, and it’s clear that she has some huge cash to burn – maybe an excessive amount of. Final 12 months, he used $ 6 million to purchase a chunk of artwork that was only a banana recorded on the wall. he Then I ate bananasPresent a selected artistic brilliance in terms of producing ridiculous methods to burn cash with none cause. His firms embrace TON Basis Restricted and BitTorrent Basis Ltd. And Rainberry Inc. (Beforehand often called bitttorrent).