Justin Sun commits to buying $100 million in TRUMP memecoins

Tron founder Justin Sun said Wednesday that he's committed to buying $100 million worth of President Donald Trump's TRUMP memecoin."We are committed to buying $100 million of TRUMP," Sun posted to X. "Together, TRUMP and TRON are the future of crypto. This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes" (the official X account for the president's memecoin).On Monday, Tron DAO said that the TRUMP memecoin would be launching on Tron. TRUMP was trading hands at $8.89 as of 2:42 p.m. ET, up 2.7% on the day, according to The Block Price Page.As one of the top holders of TRUMP, Sun attended a gala dinner earlier this year hosted by the president. Ahead of the VIP dinner, Sun said he held more TRUMP tokens than anyone else with nearly $19 million worth of the Solana-based memecoin, according to CNBC.Trump and Sun's growing tiesThe Sun-Trump crypto nexus has slowly expanded over time. Weeks after Trump was elected president last November, Sun bought $30 million of World Liberty Financial tokens, the project inspired by the president that also counts his sons as ambassadors. Soon after World Liberty named Sun an advisor. Sun later increased the investment to $75 million.Then in January, World Liberty bought millions of dollars worth of Tron's TRX token.It's hard to think that Sun's approximation to Trump-backed crypto projects will hurt the crypto entrepreneur as he aims to resolve his existing legal trouble in the U.S. So far, Trump's revamped, and exceedingly more crypto friendly, U.S. Securities and Exchange Commission has appeared more inclined to solving the pending case involving Sun, according to a filing.In a "motion to stay" filed in the U.S. District Court for the Southern District of New York on Wednesday, lawyers for the SEC, Sun and his companies made that request. The SEC had previously charged Sun and three of his companies, including Tron Foundation Limited, for allegedly offering and selling TRX, and another token BTT, "through multiple unregistered ‘bounty programs."Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.