Justin Sun, the founder of Tron (TRX) and one of the most controversial figures in the cryptocurrency market, has given strong support to US President Donald Trump’s DeFi project, World Liberty Financial (WLFI).
However, Sun doesn’t seem to have found what she was hoping for.
Justin Sun recently experienced tension with World Liberty Financial (WLFI). The WLFI team froze Sun’s assets after he transferred approximately $9 million worth of WLFI tokens to another address in September. Sun reacted by arguing that the tokens were “sacred and inviolable” and demanded equal rights. However, despite Sun’s characterization of this as unfair, the WLFI team refused to lift the asset freeze, citing allegations of price manipulation against Sun.
More than three months after these events, Sun still appears to be an unwanted figure. Given Justin Sun’s strong support for Trump’s project, World Liberty’s criminal action came as a big surprise to many.
Tron Founder Justin Sun Lost $60 Million!
At this point, the blockchain analytics platform Bubblemaps stated in a post from account X that Sun has been blacklisted, resulting in a $60 million loss in value due to its WLFI tokens still being locked.
“Sun is still blacklisted by WLFI, and the value of its locked tokens has dropped by $60 million in 3 months… absolutely brutal.”
Sun invested approximately $175 million in Trump-backed crypto projects. Besides investing $75 million in WLFI, he purchased $100 million worth of Trump’s memecoin, making him the largest holder of the TRUMP memecoin.
*This is not investment advice.