Justin Sun for the MEME: Cattelan's banana to Trump's WLFI.

Justin Sun, founder of Tron, in the spotlight: after the Meme and the purchase of Cattelan's banana, he acquires WLFI. Now the largest hodler.

WLFI and Justin Sun's Purchase

Justin Sun, the founder of the Tron blockchain, is undoubtedly one of the most controversial figures in the crypto space.

As announced on Monday, Sun recently completed the purchase of $30 million worth of World Liberty Financial (WLFI), the DeFi project endorsed by Donald Trump.

With this purchase, Sun has become the largest hodler of WLFI, stating:
"The United States is becoming the hub of blockchain and Bitcoin thanks to Donald Trump! TRON is committed to making America great again and leading innovation. Let's go!"

Trump licensed his name and advertising through his own LLC, which received billions of WLFI tokens and 75% of revenues exceeding $30 million. However, he has assumed no liabilities in the process.

Launched last month, the project aimed to raise over $300 million through token sales to achieve a valuation of $1.5 billion. However, the plans didn’t go as expected, with the initial sale raising only $21.2 million.

One of the Most Controversial Figures in Crypto

Last week, the billionaire investor made headlines after purchasing the controversial artwork "Banana" by Maurizio Cattelan. Describing it as a piece that connects art, memes, and crypto, Sun acquired it for a staggering $6.2 million.

Justin Sun is a polarizing figure in the crypto world. TRON currently holds $61 billion in USDT, compared to $69 billion on Ethereum, making it one of the largest blockchains for stablecoin use.

Sun is also associated with numerous projects. Through Tron, he owns BitTorrent, serves as an advisor to the HTX exchange, and contributed to the development of Poloniex. He created the USDD stablecoin, which initially followed a mechanism similar to UST and Luna before being modified. Additionally, he partnered with BitGo for WBTC, a move that raised concerns about the security of this Bitcoin version due to Sun’s controversies.

In short, Justin Sun is a highly debated figure who, one way or another, consistently manages to draw attention to himself. Now, he is the largest hodler of a project backed by the new U.S. President, Donald Trump.

By Gue22 🌐🚀 What do you think? Let me know in the comments!