We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Justin Solar takes on Elon Musk in race to be Trump’s high donor
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > Justin Solar takes on Elon Musk in race to be Trump’s high donor
Crypto & Web 3

Justin Solar takes on Elon Musk in race to be Trump’s high donor

By Editorial Board Published July 10, 2025 4 Min Read
Share
Justin Solar takes on Elon Musk in race to be Trump’s high donor

With yesterday’s announcement a few $100 million buy of the $TRUMP memecoin, Tron (TRX) founder Justin Solar is in competition with Elon Musk to turn into the most important private donor to US President Donald Trump.

As his donations and purchases of Trump’s crypto tokens proceed, it’s secure to imagine that the president will personally earn over $60 million from Justin Solar — and possibly far more.

Weeks in the past, Solar was already a $75 million donor to Trump’s first DeFi undertaking by the use of his World Liberty Monetary (WLFI) token purchases. As well as, Solar and HTX, which he claims to advise, had additionally purchased $TRUMP cash, together with his holdings hovering to over $38 million.

This week, Solar and his TronDAO introduced one other record-breaking buy of $100 million of the Invoice Zanker-advised memecoin. Solar retweeted the announcement in affirmation.

The non-public takings of Trump himself, who enjoys a large income cut up with these crypto initiatives, exceeded $55 million by June. Trump’s private income are solely growing with this week’s $100 million TronDAO announcement.

Along with these direct purchases, the worth of the president’s holdings can be growing with the market capitalization of $TRUMP itself. The memecoin rallied $35 million yesterday inside 10 minutes of the TronDAO headline.

As well as, the persistence of a widely known and influential bidder in any public market can encourage confidence in different buyers’ choices to carry longer or purchase extra.

Distinguished bullishness from influential actors can considerably affect broader investor sentiment and conduct.

Justin Solar out-donated Musk as a proportion of web price

Presently, Musk’s donations to Trump’s marketing campaign are bigger than Solar’s by absolute greenback quantity. Nonetheless, Solar dwarfs Musk on a proportion of private web price.

Musk donated as much as $281 million to assist Trump win re-election, but he’s personally price $347 billion. Solar and his Tron ecosystem, in distinction, have introduced purchases exceeding $180 million, but Solar’s estimated web price is lower than $8.6 billion.

In different phrases, Musk donated lower than 0.1% of his web price versus Solar’s greater than 2%.

It’s vital to notice that Musk immediately donated to Trump’s marketing campaign and political motion committees (PACs) in ways in which didn’t permit him to carry most of his donations as investments.

Solar, in distinction, bought tokens that retain worth. Though Solar hasn’t resold most of them, he might presumably resell a few of his tokens to recoup his earlier, de facto donations.

Trump has a collection of name licenses, royalties, and fee-sharing agreements with WLFI and TRUMP by which he earns cash personally.

Each males shortly profited from private and enterprise advantages after their donations. Certainly, earlier this yr, Musk benefited from an advisory place within the White Home and weeks of affect inside the Government Department that affected his companies SpaceX, xAI, and X.

Later, he abruptly severed ties with the president and left Washington, DC to start out his personal political occasion.

Solar has seen his Securities and Change Fee lawsuit and legal investigation stayed this yr. Eric Trump, the son of the president, calls Solar “a great friend and an icon in the crypto space.”

TAGGED:donorElonJustinMuskRaceSuntakesTopTrumps
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Regardless of damage, Kobe Brown showcases his potential for Clippers in Summer time League win

Regardless of damage, Kobe Brown showcases his potential for Clippers in Summer time League win

Sports
July 12, 2025
Seaside volleyball within the Intuit Dome? AVP gamers embrace their new digs

Seaside volleyball within the Intuit Dome? AVP gamers embrace their new digs

Devon Newberry is closing in on two years as knowledgeable seaside volleyball participant. But for…

July 12, 2025
Dustin Could struggles as Giants ship Dodgers to a seventh consecutive loss

Dustin Could struggles as Giants ship Dodgers to a seventh consecutive loss

SAN FRANCISCO — The Dodgers lastly regarded just like the Dodgers once more on Friday evening.Too unhealthy…

July 12, 2025
1 / 4 of Ingham County residents depend on Medicaid, analysis exhibits

1 / 4 of Ingham County residents depend on Medicaid, analysis exhibits

LANSING, Mich. (WLNS) -- Precisely 25% of Ingham County residents depend on Medicaid, a 2023…

July 12, 2025
Epstein – Bondi – Deep State | Economics

Epstein – Bondi – Deep State | Economics

Pam Bondi has made maybe essentially the most severe mistake of her complete life that…

July 12, 2025

YOU MAY ALSO LIKE

Bitcoin increase provides billions to those authorities holdings

As bitcoin’s (BTC) worth reached new all-time highs of $118,000, international locations with the forex of their reserves or below…

Crypto & Web 3
July 11, 2025

Bitcoin hits new all-time excessive, outpaces Meta, Alphabet, Saudi Aramco

Though it dominated headlines and celebrations throughout crypto social media, bitcoin (BTC) was simply one among many property to realize…

Crypto & Web 3
July 11, 2025

James Wynn loses all of it, once more, shorting bitcoin

After dropping $100 million on leveraged Hyperliquid trades earlier this yr, James Wynn returned to social media to brag about…

Crypto & Web 3
July 11, 2025

Hayden Davis despatched thousands and thousands in crypto weeks earlier than LIBRA promo

Hayden Davis reportedly moved over $3.7 million price of crypto within the weeks main as much as Javier Milei’s LIBRA…

Crypto & Web 3
July 10, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?