Even seasoned investors like Justin Sun can still get dumped on.
Specifically, in 2024, Justin Sun invested $75M into $WLFI, and at TGE, that investment was up nearly 10x.
However, the project later blocked Sun’s wallet after he attempted to transfer around $9M worth of $WLFI to addresses linked to HTX and Binance.
To make matters worse, there are now signs that the Trump family is gradually distancing themselves from $WLFI, adding more pressure to the situation.
As of now, Sun’s holdings are valued at around $40M, meaning he’s down nearly 50%.