World Liberty Financial (WLFI), the crypto protocol linked to Donald Trump and his household, on Thursday blacklisted Tron founder and key investor Justin Sun’s blockchain tackle, impeding him from transfering WLFI tokens.
The transfer impacts 595 million unlocked WLFI tokens held on the tackle, price roughly $107 million at present costs, in keeping with Arkham information.
The motion adopted the Solar-linked tackle making a number of outbound transactions of WLFI tokens on the Ethereum blockchain — together with one for $9 million price of the tokens — blockchain information exhibits.
Solar, translated to English from Chinese language of the unique X put up, stated that the “tackle solely carried out just a few generic change deposit assessments, with very low quantities, after which created tackle dispersion, with out involving any shopping for or promoting, which couldn’t presumably have any impression available on the market.”
Representatives for Solar and World Liberty Financial didn’t instantly return CoinDesk’s requests for remark.
WLFI tumbled 20% over the previous 24 hours. It is down 42% because it began buying and selling on exchanges on Sep. 1.
Solar, key investor in World Liberty Financial
Justin Solar emerged as a central backer of World Liberty Financial, initially stepping in with a $30 million token buy and an advisory position in late 2024. Since then, WLFI has had rising ties to the Tron ecosystem, adding Tron’s native token TRX (TRX) to its treasury and with Eric Trump revealing plans to launch the protocol’s USD1 stablecoin on Tron.
By mid-2025, Solar’s whole funding within the protocol had grown to about $75 million. On the eve of WLFI token’s market debut he was reported to carry practically $700 million price of tokens, a lot of it nonetheless vesting-locked.
Solar said on Monday, when WLFI launched, that “we’ve got no plans to promote our unlocked tokens anytime quickly.”
