Justin Sun, the guy who made a fortune in blockchain and web3, has just announced a strategic investment in the Donald Trump-backed memecoin called Official Trump ($TRUMP). And guess what? He’s committed to buying $TRUMP tokens worth a whopping $100 million in the near future.
This news comes hot on the heels of the Official Trump memecoin team deciding to bridge $TRUMP into the Tron blockchain through the LayerZero chain. According to Sun, this $100 million investment in TRUMP memecoin shows Tron’s dedication to partnering with lively crypto communities.
We are committed to buying $100M of $TRUMP! Together, $TRUMP and #TRON are the future of Crypto.
This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes.$TRUMP on #TRON is the currency of #MAGA!…
— H.E. Justin Sun (@justinsuntron) July 9, 2025
$TRUMP Price Ready for a Trump-Sized Boost
The $TRUMP memecoin has grown to a market cap of about $1.8 billion and a fully diluted valuation of around $9 billion. After the announcement, the TRUMP price went up by 5% on Wednesday, trading around $9.01 during the mid-North American trading session.
The sudden $TRUMP price increase today coincided with the BTC price rally towards a new all-time high of about $112k. As a result, the $TRUMP price is well-positioned to rally in the coming weeks, especially if the BTC price consistently closes above $112k.
From a technical analysis standpoint, the TRUMP price has been forming a double bottom coupled with bullish divergence of the daily Relative Strength Index (RSI). With the memecoin having retested the recent breakout of a falling logarithmic trend, a potential parabolic rally towards its all-time high has a high chance.
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2025-07-10 02:07