Justin Sun has pledged $20 million toward Donald Trump–linked tokens just a day after World Liberty Financial (WLFI) froze his wallet containing billions in assets.
The founder of TRON and owner of crypto exchange HTX called the move “unreasonable,” writing on X that tokens are “sacred and inviolable.” He urged the WLFI team to unlock his holdings and “move forward together toward the success of World Liberty Financial.”
The dispute began on Thursday when Sun transferred $9 million worth of WLFI tokens to HTX. Hours later, WLFI executed a transaction blocking his wallet from making further transfers. The freeze impacted 540 million unlocked WLFI and another 2.4 billion locked tokens—together valued at over $3 billion. The project has yet to explain its decision, and neither side responded to media inquiries.
In response, Sun doubled down Friday, promising to buy $10 million worth of WLFI on the open market and another $10 million of ALTS, the Nasdaq-listed token of Alt5 Sigma. He argued U.S.-listed crypto equities were “an undervalued opportunity.” Alt5 itself recently revealed a $1.5 billion plan to build a WLFI treasury, tying the two assets closer together.
WLFI launched last October, distributing 22.5 billion tokens to a Trump-affiliated company, instantly adding more than $4 billion to the former president’s paper wealth. The token debuted in public trading this Monday at an $8.6 billion market cap but has since slid 40% amid fears of insider selling.
Sun denied contributing to the selloff, stressing that his transfers were only “exchange deposit tests with very small amounts” and did not involve any market sales.
