Justin Sun (Jiang Xin/Getty Images)

Here comes the sun

Largest $TRUMP holder buying $100 million more of the meme coin

Tron founder Justin Sun, who is also an adviser to Trump-connected World Liberty Financial, announced his plans on X.

7/10/25 9:35AM

Justin Sun — founder of the Tron blockchain, largest holder of $TRUMP, expensive banana buyer, and adviser and investor of President Trump-backed crypto project World Liberty Financial — announced plans to purchase another $100 million worth of the sitting president’s namesake meme coin.

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’s meme coin has jumped 4.5% in the last 24 hours, while the native cryptocurrency of the Tron network has remained flat.

The announcement comes less than two months after Sun attended a dinner dedicated to $TRUMP meme coin whales.

Sun’s plans to acquire more $TRUMP is “plainly corruption,” says Carlos Mercado, an economist and architect of blockchain protocol True Freeze. “Buy $TRUMP and get access, and also get your SEC lawsuits closed up. It’s naked bribery and corruption,” Mercado told Sherwood News.

In 2023, the SEC charged Sun and three of his companies for the unregistered sales of crypto asset securities and the fraudulent manipulation of TRX in secondary markets through wash trading.

A few weeks after Trump won the 2024 presidential election, Sun invested $30 million in World Liberty Financial, becoming “its largest investor” at the time, he posted on X. The crypto project would name Sun an adviser a day later.

In January, Sun announced an additional $45 million investment in World Liberty Financial, while World Liberty purchased $2.6 million worth of TRX. The Trump-backed crypto project currently holds nearly 40.7 million TRX tokens, or about $12 million, making it the sixth-largest holder of TRX, on-chain data from blockchain analytics firm Arkham Intelligence shows.

In February, the US Securities and Exchange Commission and Sun jointly requested a federal judge to pause the agency’s regulatory actions “to allow the parties to explore a potential resolution.”

Instead of a way to “buy favors,” Nicolai Søndergaard, a research analyst at crypto data firm Nansen, sees Sun’s further acquisition of $TRUMP as an “expensive networking event.”

“The minimum intention I infer is that Justin Sun and in extension TRON is positioning in a way that will benefit his/their existing bags and bets,” Søndergaard told Sherwood.

David Crowther17h

BlackRock’s bitcoin ETF is on the cusp of $100 billion in assets, a milestone it will have achieved in less than two years

While VOO might be the largest ETF in the world, IBIT — BlackRock’s iShares Bitcoin Trust ETF — is the fastest-growing. And the bitcoin-centered product is on the cusp of a major milestone, reporting that it now holds 802,257 BTC, putting it within a whisker of hitting $100 billion in assets (worth roughly $99 billion in good old-fashioned USD at the time of writing).

Considering that BlackRock’s iShares Bitcoin Trust launched only 636 days ago, that’s a remarkable speedrun, as individual and institutional investors have embraced cryptocurrency via the exchange-traded fund. For context, VOO took over 2,900 days to hit the same milestone (about eight years).

VOO vs. IBIT spead to $100 billion assets under management — Sherwood News

As noted in a great piece by Robin Wigglesworth in the Financial Times, IBIT is now a major money-spinner for one of the biggest stalwarts of TradFi. As the largest exchange-traded product in the crypto space, and with a not insignificant expense ratio of 0.25%, the ETF is pulling in somewhere in the region of $250 million of revenue for its asset manager parent company. As Wigglesworth puts it:

“Anyway, it’s heartwarming to see that one of the companies profiting the most from an anarchical, decentralised invention supposedly designed to reorder the global financial system is... BlackRock.”

Yaël Bizouati-Kennedy10/8/25

Bitcoin ETFs take in more than $2 billion in two days

Bitcoin is down 2.7% from its recent record which saw it passing $126,000, but bitcoin ETFs are still hot.

The ETFs have already amassed more than $2 billion this week, on track to surpass last week’s $3.2 billion in inflows. In total, bitcoin ETFs have just under $165 billion in assets under management, representing 6.78% of the total market cap, SoSoValue data shows.

BlackRock’s iShares Bitcoin Trust by far took the lion’s share, with $1.8 billion of inflows. The fund is also close to $100 billion in assets, despite not even being 2 years old.

Bitwise CEO Matt Hougan said in a note, “The stars are aligned for a very strong Q4 for flows — more than enough to push us to a new record,” in part thanks to the “debasement trade.”

Yaël Bizouati-Kennedy

Uptober

10/7/25

Bitcoin and its spot ETFs continue to hit new records

On Monday, bitcoin crossed $126,000 for the first time while bitcoin ETFs saw $1.2 billion in inflows.

10%

Sage D. Young10/7/25

Ethereum treasury companies and ETFs hold more than 10% of the cryptocurrency’s total supply of 120.7 million tokens.

Corporate firms own roughly 5.7 million, while ethereum reserves for ETFs stand at 6.8 million tokens, worth more than $59 billion, per data from analytics platform StrategicETHReserve.xyz.

BitMine Immersion Technologies and SharpLink Gaming have taken the top spots among treasury entities, amassing about 3.7 million ethereum tokens worth roughly $17.4 billion. SharpLink Gaming recently announced that its unrealized profits have reached $900 million since the rollout of its ethereum treasury strategy in June.

Meanwhile, BlackRock’s iShares Ethereum Trust ETF has secured the lead among spot ethereum ETFs with $18.6 billion in net assets. So far in October, $803.1 million of inflows have collectively entered the investment vehicles.

Sage D. Young

10/6/25

Ethereum passes $4,650 as spot ETFs continue strong streak of inflows

Meanwhile, BitMine Immersion Technologies now has more than 2% of the token’s supply.

Largest $TRUMP holder buying $100 million more of the meme coin

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BlackRock’s bitcoin ETF is on the cusp of $100 billion in assets, a milestone it will have achieved in less than two years

Bitcoin ETFs take in more than $2 billion in two days

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