Justin Sun’s crying billionaire buys another $ 100 million from Mimikoin Trump

Justin Sun, the founder of Tron Blockchain, announced this week that he bought another $ 100 million of Memecoin from Donald Trump, $ Trump. sun He already has a large amount From the original. Mogul Crypto has also announced that the currency will soon be trading on Blockchain.

All this is complicated because of the fact that Sun still seems She stumbled in a civil fraud case It was brought against him by the Securities and Stock Exchange Committee. In 2023, the Supreme Education Council filed a lawsuit against Sun and his companies, They accused them of manipulating the market. In February, reports indicated that SEC was seeking a possible solution to the issue. It wasn’t long after it was Sun I invested 30 million dollars In the other Trump encryption project, World Liberty Financial. There has been no update since then.

″ $ Trump on TON is #Maga coin, ” Sun wrote on x Wednesday. “This step highlights our belief in cooperation through ecosystems to develop the coding scene. ”

You may think that buying tens of millions of dollars from the President’s encrypted currency at the same time that I was overwhelmed in a federal legal case is a conflict of interests – and it seems that it is certainly one – but this is not a special shock these days. The Trump administration logo may also make interest in interest again, given the level of doubtful behavior at the present time.

It is somewhat confusing it is the reason for SUN’s interest in Trump encryption projects. CNBC notes:

Trump has faltered for $ Since its launch in January, when it peaked at the market ceiling of $ 15 billion on the first day of trading Before sliding sharply to about $ 2 billion as of July. Meanwhile, the Melania $ 1 more than 90 % of its offer in January fell to less than 141 million dollars.

Sun is an interesting character, and it is clear that she has a lot of money to burn – perhaps too much. Last year, he used $ 6 million to buy a piece of art that was just a banana recorded on the wall. he Then I ate bananasShow a specific creative brilliance when it comes to generating ridiculous ways to burn money without any reason. His companies include TON Foundation Limited and BitTorrent Foundation Ltd. And Rainberry Inc. (Previously known as bitttorrent).