Justin Sun Pumping Money Into Trump, TRON Goes Global: The Digital Power Play Has Begun

Justin Sun, the founder of the TRON blockchain, has significantly increased his financial support for projects related to President Donald Trump. In a bold move demonstrating considerable confidence, Sun has committed to purchasing 100 million dollars worth of the TRUMP memecoin, created by Trump. This comes after a previous investment of 40 million dollars into the same token. Justin Sun's Interest Goes Beyond Memecoin Previously, he had invested 30 million dollars in World Liberty Financial (WLF) before Trump took office, then increased his stake to 75 million dollars - a decision that surprised some traders. His focus on projects linked to Trump seems to strategically align with the President's strong support for cryptocurrency. Sun's support is not just financial. He announced that TRON will add compatibility with the TRUMP token, allowing interaction between the two ecosystems. This technical integration aims to create a more flexible and user-friendly cryptocurrency environment, promoting greater interaction among users. The Relationship Shows Signs of Reciprocity WLF is said to have allocated millions of dollars to purchase the native token of TRON, TRX. The broader initiative, which integrates the functions of the TRON token and TRUMP, aims at an ambitious goal: to scale the blockchain to potentially surpass Ethereum. Sun's technical contributions are expected to enhance the appeal of the TRUMP token within the cryptocurrency trading community. Sun publicly emphasized his belief in the TRUMP token, stating that its development, along with a "strong community" and "valuable geopolitical relationships," are the main drivers of his long-term strategy. He believes that these factors are crucial for sustainability, an area where many memecoins are struggling.

The market's immediate reaction to Sun's latest commitment is positive, resulting in a 6% price increase and a 200% increase in trading volume of the TRUMP token. At the same time, TRON reported higher USDT trading volume than Ethereum on its network. Despite the strong support from Sun and the optimistic sentiment it creates, skepticism still exists among professional traders. The primary concern arises from the continuous downward trend of the TRUMP token, highlighting the inherent volatility and risks of memecoin, even when backed by famous figures. TRON Establishes Strategic Partnership with Mastercard APAC The TRON fund has partnered with Mastercard's Asia-Pacific division to enable TRX payments on virtual debit cards linked to Mastercard. Users in Singapore, Vietnam, and the Philippines can now spend TRX directly at retail stores and e-commerce platforms. This is expected to significantly boost the practical utility of TRX across Southeast Asia. TRON Becomes the Official Blockchain Partner of the African Digital Identity Network TRON DAO has signed a multilateral agreement with the Smart ID initiative supported by the African Union. The project will utilize TRON's smart contract layer to authenticate and store decentralized identity records in six African countries, focusing on fintech and mobile credit scoring. This event marks TRON's advancement into public infrastructure services in Web3.

TRON (TRX) is trading at 0.2987 USD, up 2% in the last 24 hours. The current market capitalization is 28.3 billion USD, supported by a significant 24-hour trading volume of 1.08 billion USD, indicating increasing investor interest and growing activity on decentralized applications powered by the TRON ecosystem.

TRX is currently testing the important psychological and technical level at $0.30, which has served as a resistance level in previous market cycles. This coin has formed a gradually ascending triangle pattern over the past two weeks, with higher lows creating upward pressure towards a breakout.

If TRX breaks above the level of $0.30 with confirmation, the next major resistance levels will be $0.315 and $0.335, while the support levels are at $0.284 and $0.265. $TRX {spot}(TRXUSDT)