Sun has become increasingly visible around Trump-linked crypto ventures
The news was shared in an X post by Tron’s Justin Sun. The Tron founder holds a significant portion of the $TRUMP coin. Interestingly, the launch deepens ties between Sun and the Trump family, which controls the $TRUMP coin.
Notably, $TRUMP’s expansion to Tron reflects a broader trend of meme coins exploring multichain ecosystems to boost liquidity and accessibility. As expected, the crypto community expressed mixed reactions to the news.
While some on X and Reddit were enthusiastic about the move and its implications for memecoins, others remained cautious due to the token’s volatile nature.
Sun has become increasingly visible around Trump-linked crypto ventures. His blockchain appears to be positioning itself as the go-to network for politically themed tokens.
Some crypto users believe the Tron founder was part of the guest list at Trump’s exclusive gala for the top 220 holders in May. While there was no official guest list, some reports claim the top 25 wallets gained VIP access to the exclusive event hosted by Trump himself.
In related news, Sun has taken an unexpected step toward Wall Street. SRM Entertainment, a Nasdaq-listed toy merchandise firm with licenses from Disney and Universal Studios, announced plans to merge with Sun’s crypto entity and rebrand as Tron Inc.
The $210 million deal includes a $100 million TRON token purchase from a private investor. Sun will serve as an advisor in the new entity. SRM’s shares surged over 460% following the news.
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Bitcoin ETFs attracted $986.9 million in the week ending September 4, while Ethereum, Solana, XRP and Hyperliquid ETF inflows plunged after a strong late August run.
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Liquid Network halted transactions after roughly 4,000 BTC worth $320 million was withdrawn from its federation wallet by purported white-hat hackers.
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XRP is trading near $1.38 after its August rally, with bulls defending $1.35 support while facing resistance at $1.43 and $1.55.
XRP$TRUMP on #TRON! 🇺🇸🇺🇸🇺🇸 @GetTrumpMemes @realDonaldTrump
$TRUMP on #TRON is coming. Stay tuned!
JUST IN: 🇺🇸 Tron $TRX to Go Public in the US (source Financial Times)
