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Highlights
- World Liberty Financial has frozen Justin Sun wallets after allegations of dumping his tokens on investors.
- The WLFI token price has plunged over 50% in a week, while the Tron founder rejects any role behind it.
- Critics in the crypto community accuse Sun of misleading investors through a token burn and 20% APY yield plan.
Tron founder Justin Sun has recently challenged Donald Trump’s DeFi project World Liberty Financial for ‘unreasonably’ freezing his WLFI tokens. The token has faced a classic pump-and-dump after the Binance listing hype. Sun has been one of the biggest investors in the project, now raising concerns over fairness and investor rights violations by the Trump family.
Justin Sun Asks World Liberty to Unlock Frozen WLFI Tokens
The Tron founder said the freeze of his WLFI token violates investor rights, further damaging World Liberty Financial’s image. As a result, Justin Sun has asked the project founders, aka the Trump family, to release his frozen tokens. Justin Sun’s comments come soon as the project blocks his wallets on rumors of huge WLFI token selloffs.
Sun, who is also an early backer of World Liberty Financial, noted that he provided both capital and support with the aim of building a “strong and healthy WLF ecosystem.” He emphasized that all investors should have equal rights, warning that unilateral actions undermining token holders could damage confidence in the project. In his message on the X platform, Sun wrote:
“Tokens are sacred and inviolable, this should be the most basic value of any blockchain. It’s also what makes us stronger and more fair than traditional finance. I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials.
As a result, Sun demands “fairness, transparency, and trust,” from World Liberty Financial, while cautioning against unilateral actions that freeze investor assets. He argued that such measures undermine the legitimate rights of investors and risk eroding confidence in World Liberty Financials.
Is the Tron Founder Behind WLFI Token Pump and Dump?
The WLFI price crashed more than 50% in less than a week, with allegations that Sun leveraged the Binance listing to dump his tokens on investors. However, the Tron founder has rejected the allegations, stating:
“Our address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved, so it could not possibly have any impact on the market”.
The crypto community has called Justin Sun a scammer, stating that he launched the WLFI token burn and 20% APY yield plan, only to lure investors, and later dump his tokens on them. Critics argue that if proven true, such actions would justify the freezing of Sun’s account. The controversy has escalated further as two days back, the Tron founder said that he wouldn’t sell his WLFI holdings.
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