Tron (TRX) founder #Justin Sun has reportedly taken a huge financial hit after his investment in World Liberty Financial (WLFI) โ a DeFi project linked to US President #donald Trump โ went terribly wrong ๐ณ.
๐ฅ What Happened?
According to blockchain analytics platform Bubblemaps, Justin Sun has been blacklisted by WLFI, leaving his tokens locked and causing a $60 million loss in value over the past 3 months ๐.
๐ง โSun is still blacklisted by WLFI, and the value of its locked tokens has dropped by $60 million in 3 monthsโฆ absolutely brutal.โ โ Bubblemaps (X)
๐งจ The Asset Freeze Drama
๐ September: Sun transferred $9M worth of WLFI tokens to another address
๐ซ WLFI Team Response: Assets frozen
โ ๏ธ Reason Given: Alleged price manipulation
๐ฃ๏ธ Sunโs Reaction: Called the tokens โsacred and inviolableโ and demanded equal rights
Despite public protests, WLFI refused to lift the freeze โ.
๐คฏ A Shocking Turn of Events
This fallout surprised many in the crypto community, especially since Justin Sun was one of the strongest supporters of Trumpโs crypto initiatives ๐บ๐ธ๐ฐ.
Yet, more than three months later, Sun still appears to be unwelcome in the WLFI ecosystem.
๐ผ Justin Sunโs #TRUMP -#crypto Exposure
๐ต $75M invested in World Liberty Financial (WLFI)
๐ช $100M invested in Trumpโs TRUMP memecoin
๐ Became the largest holder of TRUMP memecoin
๐ Total Trump-linked crypto exposure: ~$175 million
โ ๏ธ Key Takeaway
Even crypto giants arenโt immune to risk ๐จ
Locked tokens, governance disputes, and political crypto projects can turn brutal fast.
๐ฌ What do you think? Is this a warning sign for politically-backed crypto projects?
