Trump's World Liberty Financial just got a massive saving grace after Justin Sun invested $30 million in the struggling project. 

The Tron blockchain founder announced what most pundits praised as a ‘let's make crypto great again’ move on his official X account. 

His post reads, “We are thrilled to invest $30 million in World Liberty Financial with @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go!”

Interestingly, World Liberty Financial’s future has been hanging in a balance before this investment boost. While the pre-election fanfare painted Trump as being good for crypto, his crypto project fell short of expectations.  

World Liberty Financial’s woes became clear when it's token listing was only able to record about 1.35 billion token sales. This figure accounts for just 2% of the company’s original target of 63 billion token sales. Even after the target was revised to 2 billion tokens, it was still 32% off the target.

But what's the reason for this poor performance?

It all started when many analysts started calling out World Liberty Financial for being a scam. The most noteworthy one is former White House Communications Director Anthony Scaramucci calling the token a full-on scam.  

In addition, the project recorded some technical issues on the launch day which significantly affected participation. 

The token was restricted to accredited investors, which narrows the pool of potential participants, and it is labeled was “nontransferable.” This means that it remains locked indefinitely within a wallet or smart contract, as detailed in its “gold paper,” a term used instead of the more common "white paper."

These challenges have dampened investor enthusiasm, according to Jon Alper, an estate and wealth management lawyer. He stated, “While it’s premature to declare the project a complete failure, these setbacks suggest a challenging path forward.”

On the bright side, Trump's venture into NFT is one of his little wins. He has released a total of 360,000 digital trading card collections in four batches of NFTs. 

While sales look good for the first and second collections if you consider the last 30 days, with both reporting sales increases of over 200%, it looks a lot worse if you just consider the past seven days, with a 73% drop for the first collection and the second edition seeing a 69% decline in sales.

In comparison, other NFT collections have been able to ride the postelection crypto wave. Trump is still giving new crypto ideas a try. 

Donald Trump has also been in the middle of several rumors. The latest one is a claim that reveals the president-elect’s crypto portfolio. According to a post by CoinTelegraph on X, Trump allegedly holds around $7.1 million in crypto and his top holding is Ethereum.

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