Justin Sun Joins In On WETH Depegging Jokes

Justin & Vitalik Together To Invest $2 Billion

Justin Sun, founder of Tron, quote retweeted stating he and Vitalik, co-founder of Ethereum will invest $ 2 billion.

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Investment will be into Wrapped Ethereum Foundation (WEF) to recover all the funds.

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Justin Sun responded to a Twitter user who informed that the CEO of WEF has announced to raise and fill their $2b hole.

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On November 26, wETH insolvency joke started to spread with false rumours alleging that WETH is insolvent and isn’t backed 1:1 by Ether (ETH).

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Some from the community took the “insolvency” joke as real. Later influencers explained it was just a “shitpost”.

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Richard Heart tweeted about this joke stating, "there's a joke going around about #WETH "depending from #ETH".

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According to Coinmarketcap, WETH is down 3.93% in the last 24 hours. At the press time WETH price is $1,170.29 USD.

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