• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Justin Sun Promises $20 Million After His WLFI Wallet Frozen

user avatar

by Giorgi Kostiuk

2 days ago

Justin Sun, the founder of TRON, has announced a $20 million pledge following the freezing of his World Liberty Financial (WLFI) wallet.

Issues with Justin Sun's Wallet

WLFI decided to blacklist Sun's address, locking more than 2.4 billion WLFI tokens due to suspicious transfer attempts valued at $9 million.

Background on Events and Key Figures

Justin Sun, well-known in the blockchain sector as the initiator of TRON, was originally a significant investor in the WLFI platform, acquiring 600 million tokens. WLFI, a DeFi project, has close ties to the Trump family and $5 billion in locked tokens.

Reactions and Market Consequences

Following the freeze announcement, the price of WLFI tokens dropped by 19%, causing market volatility. Additionally, Sun pledged to increase the WLFI-linked stablecoin USD1 by $200 million on the TRON network.

Justin Sun's pledge aims to restore confidence amid concerns of centralization in WLFI's governance, highlighting the need for transparency and management in the cryptocurrency space.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

NexStox Launches Platforms for Real-World Asset Trading.

chest

NexStox has announced the launch of two regulated platforms for trading tokenized assets at the WOW Summit in Hong Kong.

user avatarGiorgi Kostiuk

Cantor Fitzgerald Introduces Gold Hedged Fund for Bitcoin Investments

chest

Cantor Fitzgerald launches a fund combining Bitcoin investments with gold hedging, targeting accredited investors.

user avatarGiorgi Kostiuk

Eightco Holdings: Stock Skyrockets 5384% After Worldcoin Disclosure

chest

Eightco Holdings' stock surged 5384% following the announcement of its Worldcoin treasury strategy, leading to record trading volume.

user avatarGiorgi Kostiuk

Bolt Tops Download Charts in Nigeria for 2025

chest

The Bolt app has been named the most downloaded travel application in Nigeria for 2025 according to Sensor Tower. The company continues to evolve and enhance its services.

user avatarGiorgi Kostiuk

Putin's Advisor on US and Cryptocurrency: Debt Forgiveness

chest

Anton Kobyakov, advisor to Putin, stated the US plans to use cryptocurrency to write off $35 trillion in debt.

user avatarGiorgi Kostiuk

Five Significant Layer 1 Ecosystems: From UChain to Ethereum

chest

Analyzing five most valuable Layer 1 blockchains of 2025, their capabilities, and impact on the cryptocurrency market.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.