Last week, cryptocurrency billionaire Justin Sun announced on X that he was buying $T Trump, a member of President Donald Trump, which will soon be traded on the blockchain Tron, which was formed in 2017.
Sun wrote: “This move underscores our belief in collaborating in the ecosystem to develop crypto landscapes with communities like @gettrumpmemes.
It’s just Sun’s latest title snatch, who wasted Maurizio Cattelan’s wave in the art world comedian– Famous Pipe Blue Banana – Sotheby’s in December for $6.2 million. (He later ate bananas.) Then, in April New York Times A survey by the cryptocurrency company owned by the Trump family-owned corporate entity Majority World Free Finance Corporation shows that the Sun has spent $75 million on the $WLFI coin.
The Sun is also caught up in legal turmoil due to a completely different purchase. In February, the Sun sued billionaire art collector and music tycoon David Geffen Renéz (1949-65), Sun said he bought it in a private deal. Geffen countered that the work was stolen by an employee and was sold fraudulently. The sun calls on Geffen to hand over the sculpture.
Trump and the company launched $trump days before their second inauguration in January, and within a few days the value of the coin soared more than 300%. By March, the value of the coin had plummeted, and investors had lost about $12 million. As Artnews Meme coins are often marked as “work of art” to bypass securities regulations and often go bankrupt as value rises, writing on Trump’s launch.
As of release time, Trump still seemed to be stable with a market value of $1.85 billion, far from the call for the inauguration peak of more than $9 billion, with the peak in late February reaching $4.29 billion and the peak in late April at $3.1 billion.
But ethics regulators have repeatedly argued that Trump’s ownership of Trump provides the president with an unprecedented way to promote grafting and corruption. According to “The The The The The The” report guardian.
Former federal prosecutor Paul Rosenzweig told the Constitution that “self-reinforcement is the leader that founders are most concerned about, which is why they incorporate two separate bans into the Constitution.” guardian last month. “Trump profits from his presidential memorial is an example of a textbook that illustrates what makers want to avoid.”
Steven Levitsky, a Harvard government professor, also told “I have never seen such open corruption in any modern government,” guardian.
As for what the Sun might actually try to buy with his $T Trump investment, CNBC Billionaires are related to the current president’s crypto attitude.
