Justin Sun, founder of Tron, has invested $30 million in World Liberty Financial (WLFI), a DeFi platform backed by Donald Trump. 

Despite Trump’s endorsement, the platform had struggled to attract investors, selling far fewer WLFI tokens than initially projected. However, Sun’s investment could potentially boost the project. 

A Much-Needed Boost for Trump’s World Liberty Financial (WLFI)? 

World Liberty Financial launched in September 2024, offering decentralized borrowing and lending services. Governance of the platform is driven by the WLFI token. The token became available for sale exclusively to non-US investors and accredited US investors. 

However, the token’s non-transferable nature and limited access contributed to slow sales. Before Sun’s investment, the project had just $21 million raised. This is far short of its $300 million target.

The Tron founder confirmed the transaction earlier today, on November 25. Blockchain data from Etherscan revealed that $30 million worth of WLFI tokens were purchased by Sun’s wallet associated with HTX (formerly Huobi). 

“The US is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation,” Justin Sun wrote on X (formerly Twitter).

The WLFI “gold paper” highlights that a portion of token sale proceeds will go to a company owned by Donald Trump. 

However, this arrangement would only generate profits for Trump’s company after exceeding $30 million in sales—a milestone reached after Sun’s investment.

World Liberty Financial is led by a mix of Trump associates, cryptocurrency entrepreneurs, and financial experts. The platform is also supported by Donald Trump and his three sons, further tying its identity to the Trump brand.

We’re honored to have the support of @justinsuntron and @trondao! Together, we’re driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem. Exciting times ahead,” WLFI wrote on X (formerly Twitter).

Meanwhile, Justin Sun’s involvement in World Liberity Financial marks another unconventional move in his portfolio. Last week, he paid $6.2 million for the viral art piece Comedian—a banana duct-taped to a wall. 

The purchase caused a ripple effect in crypto markets, driving up the price of the Banana Gun token by 16%. The token, however, doesn’t have any link to the art. 

Earlier this year, Sun also moved his EIGEN tokens from the EigenLayer liquid restaking protocol to the HTX exchange. His bold investments continue to draw attention across both the art and cryptocurrency sectors.

Altcoins like GOAT, SUI, and POPCAT have faced notable shifts in momentum following their recent peaks. GOAT, which hit an all-time high of $1.37, has declined 25.42% over the past week, falling out of the top 10 meme coin rankings.

SUI, after reaching $3.94, has dropped 7.56%, slipping below a $10 billion market cap and trailing behind altcoins like Bitcoin Cash and Chainlink. Meanwhile, POPCAT has seen a sharp 21.00% decline from its $2.08 high, signaling potential further corrections as bearish technical patterns emerge.

GOAT

GOAT price has seen a significant decline, dropping 25.42% in the past week and falling below its $1 billion market cap. After reaching an all-time high of $1.37 on November 17, the altcoin’s momentum has cooled.

Once ranked among the top 10 meme coins by market cap, it is now 12th, losing places to MOG and MEW.

If bullish momentum returns, GOAT could test resistance at $1.23, potentially surpassing its previous high of $1.37. However, EMA lines indicate a prevailing downtrend.

Should this continue, the coin might test support at $0.69, and if that level fails to hold, prices could fall as low as $0.419.

SUI

SUI hit its all-time high of $3.94 on November 17 but has since entered a downward trend, falling 7.56% over the past week.

The altcoin recently dropped below a $10 billion market cap, slipping behind other rising altcoins like Bitcoin Cash (BCH) and Chainlink (LINK). The coin recently faced a two-hour outage, but its price didn’t fall as much as many expected, staying above $3.

EMA lines suggest SUI is in a downtrend, with short-term lines nearing a bearish cross below long-term ones. If this continues, SUI could test support at $3.09, with a potential drop to $2.2 if the lower level fails to hold.

However, renewed bullish momentum could see SUI challenge its all-time high of $3.94 and possibly test $4, pushing its market cap to $11.5 billion for the first time.

POPCAT

POPCAT reached an all-time high of $2.08 roughly one week ago but has since seen a sharp decline, falling 21.00% in the last seven days.

This drop has been accompanied by bearish signals, with its shortest-term EMA lines crossing below the longest ones, forming a death cross. This technical pattern suggests growing selling pressure and potential for further downside.

If the correction continues, POPCAT could test support at $1.17, with a possibility of falling as low as $0.9 if the lower support fails.

However, a reversal in momentum could see POPCAT rise to test $1.82, and if this resistance is broken, it may return to the $2 mark, potentially setting a new all-time high.

Since November 21, Bitcoin (BTC) has hovered near the $100,000 mark but hasn’t hit it, with BeInCrypto attributing this to increased realized profits.

Recent data shows that profit-taking activity has slowed. What does this mean for Bitcoin’s price?

Bitcoin Holders Step Back from Booking Gains

Data from Glassnode shows that Bitcoin realized profits surged to $10.58 million on Thursday, November 21. However, as of this writing, the value has dropped to $1.58 million, a $9 million difference.

As the name implies, realized profit is the value of coins sold after their price has increased. Therefore, when this metric rises, it becomes challenging for the cryptocurrency’s price to continue its rally.

However, since the realized profit has dropped, most BTC holders have halted selling in large volumes. If this trend continues, Bitcoin’s price could bounce and probably rise to the $100,000 milestone.

This sentiment is further supported by the Coins Holding Time metric, which tracks how long a cryptocurrency has been held without being transacted or sold.

When the Coins Holding Time decreases, it means holders of a particular crypto are selling. If this continues, the trend becomes bearish. However, over the last seven days, BTC Coins Holding Time has increased by 65%.

This increment reinforces the bias by the Bitcoin realized profit that selling pressure has decreased. Interestingly, IT Tech, an analyst on CryptoQuant, agrees with the thesis that Bitcoin might continue to climb.

“The green bars showing STH selling in profit have yet to reach levels seen during the previous $72,400 peak. This suggests that profit-taking pressure hasn’t peaked, leaving room for further upward movement in price,” IT Tech said.

BTC Price Prediction: $102, 500 Seems Close

On the daily chart, BTC continues to trade within an ascending channel, suggesting that it has the potential to climb higher. 

BeInCrypto also observed that the Supetrend indicator has remained bullish. The Supertrend is a technical indicator used to spot the direction in which an asset moves. 

If the red part of the indicator is above the price, the trend is downward, and the price can decrease. However, since the green area is below the price, the value might rise above $99,780. If that were the case, Bitcoin’s price might climb to $102,500.

On the other hand, if Bitcoin realized profits surge again, this might not happen. Instead, the value could decline to $84,466.