Tron founder Justin Sun has recently slammed Donald Trump’s DeFi project World Liberty Financial for ‘unreasonably’ freezing his WLFI tokens. The token has faced a classic pump-and-dump scenario after the Binance listing hype. Sun has been one of the biggest investors in the project, and has now raised concerns over fairness and investor rights.
Justin Sun Asks World Liberty Financial to Unlock Frozen Tokens
The Tron founder has recently raised major concerns over fairness and investor rights as he finds his WLFI tokens frozen. 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, whilecautioning 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.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
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Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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