TLDR
- Justin Sun pledges $20 million to buy ALTS and WLFI tokens after wallet block by WLFI.
- WLFI blocked Sun’s wallet after he transferred $9 million worth of tokens to HTX exchange.
- Sun claims his wallet actions were deposit tests, not affecting WLFI token’s market price.
- WLFI’s token debut added $4.1 billion to Trump’s paper wealth amid concerns over insider sales.
Justin Sun, the founder of Tron blockchain, has committed to spending $20 million on Trump-backed crypto assets after a clash with World Liberty Financial (WLFI) led to the blocking of his wallet. Sun made the announcement in a Friday post on X, stating his intention to purchase $10 million worth of ALTS and an additional $10 million in WLFI tokens. This move comes after a transaction dispute that saw WLFI block Sun’s wallet.
Wallet Blockage Sparks Tensions
Sun, a prominent figure in the cryptocurrency world, has had a long-standing involvement with WLFI, having invested heavily in the project. The conflict began when Sun transferred $9 million worth of WLFI tokens to an HTX crypto exchange wallet. Shortly after, WLFI executed a transaction that blocked the wallet from transferring any further WLFI tokens. This decision raised eyebrows in the crypto community, as blocking token transfers is an uncommon practice that can undermine investor confidence.
Despite requests for clarification, neither Sun nor World Liberty Financial provided comment on the situation. However, Sun responded to the freeze, accusing WLFI of “unreasonably freezing” his tokens and urging the project to unfreeze his wallet. He emphasized that his wallet actions were harmless and would not have impacted the market, describing the transactions as basic deposit tests.
Sun’s Investment in WLFI
Justin Sun’s involvement with WLFI dates back to the token’s public sale, where he purchased $75 million worth of tokens between October and January. WLFI debuted on the market earlier this year, launching with a staggering $8.6 billion market valuation. However, since then, the token has faced significant price volatility, including a 40% decline. Analysts suggest that insider selling might be contributing to the price drop, with early investors potentially cashing out.
Notably, WLFI’s trading debut also had notable implications for U.S. President Donald Trump, as his companies received 22.5 billion WLFI tokens. This trading debut added $4.1 billion to Trump’s paper wealth, surpassing the value of his entire property portfolio.
The Fallout and Sun’s Response
Following the freeze, speculation arose that Sun’s wallet might have been blocked due to his alleged sale of WLFI tokens. While Sun denied any involvement in selling, he remarked that the transfers were part of an address dispersion process. In his post, he stressed that these actions had no significant impact on the WLFI market.
Excited to share my thoughts on $WLFI — I truly believe this will be one of the biggest and most important projects in crypto. 🦅
We have no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.…
— H.E. Justin Sun 👨🚀 (Astronaut Version) (@justinsuntron) September 1, 2025
Sun’s bold pledge to purchase additional WLFI tokens marks the latest twist in an increasingly complex relationship between him and the Trump-affiliated project. The freeze of Sun’s wallet and his response highlight the ongoing tensions between major crypto figures and their investments in high-profile projects.
