Crypto Billionaire Justin Sun Buys Another $100 Million of Trump’s Memecoin
Justin Sun, the founder of the Tron blockchain, announced this week that he had purchased yet another $100 million of Donald Trump’s memecoin, $TRUMP. Sun already owns a substantial amount of the asset. The crypto mogul also announced that the coin would soon be tradable on his blockchain.
All of this is complicated by the fact that Sun still appears to be bogged down in a civil fraud case brought against him by the Securities and Exchange Commission. In 2023, the SEC launched a lawsuit against Sun and his companies, accusing them of market manipulation. In February, reports indicated that the SEC was seeking a potential resolution to the case. This was not long after Sun had invested $30…
