Justin Sun Invests $100M in Trump-Linked Memecoin, Tron to Go Public

Edited by: Elena Weismann

On October 26, 2024, Justin Sun, founder of Tron, announced a $100 million investment in the $TRUMP memecoin, aligning with President Donald Trump's pro-crypto stance. (Source: Original Text)

This investment follows Sun's previous $75 million stake in World Liberty Financial (WLFI), a crypto firm associated with the Trump family. (Source: Original Text)

Additionally, Tron is set to go public in the United States through a reverse merger with Nasdaq-listed SRM Entertainment, involving a $100 million equity investment. (Source: Original Text)

As of today, October 26, 2024, the price of $TRUMP is $0.137011 USD, with a 0.07% change from the previous close. (Source: Original Text)

The intraday high for $TRUMP is $0.137971 USD, and the intraday low is $0.127129 USD. (Source: Original Text)

The price of TRON (TRX) is $0.290664 USD, with a 0.01% change from the previous close. (Source: Original Text)

The intraday high for TRON is $0.291873 USD, and the intraday low is $0.286726 USD. (Source: Original Text)

Sources

  • CoinDesk

  • Tron founder Justin Sun says he's the top $TRUMP meme coin holder

  • Justin Sun's Tron goes public, reverse merger led by Trump-linked bank

  • Crypto group Tron to go public after US pauses probe into billionaire founder

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