Crypto billionaire Justin Sun, the founder of the Tron blockchain, has joined Donald Trump’s cryptocurrency project, World Liberty Financial, as an adviser.

This news came out on Tuesday, just a day after Sun purchased $30 million worth of WLFI tokens. Before his investment, sales of WLFI were not doing so well.

World Liberty Financial expressed confidence in Sun’s abilities. They stated, “Justin’s insights and experience will be instrumental as we continue to innovate and grow,” in a post on X.

The project aims to make its mark in the decentralized finance (DeFi) space, which has seen a lot of activity in lending and borrowing.

Nick Baker serves as CoinDesk's deputy editor-in-chief. He won a Loeb Award for his work covering FTX and Sam Bankman-Fried. His reporting included a scoop by Ian Allison that led to the downfall of SBF’s empire.

Baker joined CoinDesk in 2022 after spending 16 years at Bloomberg News. There, he worked as a reporter, editor, and manager. He has also reported for Dow Jones Newswires and The Wall Street Journal. He earned his journalism degree from Ohio University.

In addition, Baker owns over $1,000 worth of BTC and SOL.