“Sun Is A Key Investor in the Project and Holds AUND $ 700 Million Werth of Wlfi Tokens, MOSTLY VESTED.”, – WRITE: www.coindesk.com
The Move Affects 595 Million Unlocked Wlfi Tokens Held on the Address, Worth Roughly $ 107 Million at Current Prices, Accounting To Arkham Data.
The Action Followed the Sun-Linked Address Making Several Outbound Transactions of Wlfi Tokens on the Ethereum Blockchain-Including One for $ 9 Million Worth of the Tokens.
Blockchain Transactions of Wlfi Tokens Linked to Justin Sun (Arkham Intelligence)
Sun, translated to English from chinese of the Original X Post, Said that the “Address Only Conducted A Few Generic Exchange Deposit Tests, with Very Low Amounts, and Tealed Aded Adeds. Buying or Selling, Who Could not Possibly Have Impact on the Market. ”
Representatives for Sun and World Liberty Financial Did Not Immedialate Return Coindesk’s Requests for Comment.
Wlfi tumbled 20% over the past 24 hours. IT’s Down 42% Since Itarted Trading on Exchanges on Sep. 1.
Sun, Key Investor in World Liberty FinancialJustin Sun Emerged As a Central Backer of World Liberty Financial, Initially Stepping in With A $ 30 Million Token Purchase and An Advisory Role in Late 2024. EcoSystem, Adding Trane’s Native Token TRX (TRX) TO ITS Treasury and with Eric Trump Revealing Plans to Launch The Protocol’s USD1 Stablecoin on Trane.
By Mid-2025, Sun’s Total Investment in The Protocol Had Grown to About $ 75 Million. On the Eve of Wlfi Token’s Market Debut he was reported to Hold Nearly $ 700 Million Wrth of Tokens, Much of It Still Vesting-Locked.
Sun Said On Monday, Who Wlfi Launched, That “We Have No Plans to Sell Our Unlocked Tokens Anytime Soon.”
Also: Eth Foundation to Sell 10k Eth, A Conversation with Bruce Liu, and Ethereum’s Holesky Testnet to Sunset After Fusaka.
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