Crypto mogul Justin Sun has once again stirred up controversy with his latest investment decision, this time involving President Donald Trump’s cryptocurrency token, $TRUMP. Last Wednesday, Sun announced that he is purchasing $100 million worth of the meme coin, further solidifying his position as the largest holder of this novelty token.

Sun, the founder of Tron blockchain, revealed on his platform X that the investment demonstrates his commitment to fostering collaboration across different ecosystems within the crypto landscape. He proudly declared that “$TRUMP on #TRON is the currency of #MAGA!”

This significant investment in Trump’s cryptocurrency token follows Sun’s previous purchases of $WLFI coins, which are associated with a Trump family corporate entity. These transactions have raised eyebrows and drawn attention to Sun’s close ties to the president and his financial interests.

Despite being embroiled in a civil fraud case brought against him by the Securities and Exchange Commission, Sun has continued to make high-profile investments and acquisitions. His legal troubles also extend to a lawsuit against DreamWorks billionaire David Geffen over a disputed art piece, adding another layer of complexity to his business dealings.

Trump’s launch of the $TRUMP token prior to his inauguration raised concerns about potential corruption and pay-to-play politics. Ethics watchdogs have criticized the involvement of a Trump family company in managing the cryptocurrency, especially in light of exclusive events like the May gala dinner that required a buy-in to attend.

Republican lawmakers are now facing scrutiny for supporting legislation that could further legitimize Trump’s crypto initiatives, with critics like House Financial Services Committee ranking member Maxine Waters warning against Congress becoming complicit in what they view as an unprecedented crypto scam.