Tron’s Sun says he’s buying another $100 million of Trump’s memecoin
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong on May 8, 2020.
Calvin Sit | Bloomberg | Getty Images
Crypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump.
Sun, who founded the TRON blockchain and is working to resolve a civil fraud case with the U.S. Securities and Exchange Commission, announced the purchase of the $TRUMP token in an X post on Wednesday. Sun said the Trump-linked digital coins will soon be tradeable on the TRON network.
“$TRUMP on TRON is the currency of #MAGA,” Sun wrote.
It’s a splashy endorsement at a moment of reckoning for political meme tokens.
The $TRUMP token, 80% of which is…
