Justin Sun Pledges $20M Investment in WLFI Following Wallet Freeze

Highlights:

• Justin Sun urges WLFI to unfreeze $3B in locked and unlocked tokens.
• WLFI blacklists Sun’s wallet after token transfers to HTX crypto exchange.
• Sun pledges $20M in WLFI and ALTS to show continued project support.

Crypto mogul Justin Sun has urged World Liberty Financial (WLFI) to lift the blacklist on his address, which froze over $3 billion in both unlocked and locked WLFI tokens on Thursday afternoon. Sharing an open letter on X later that day, Sun called the freeze “unreasonable” and stressed that tokens should remain “sacred and inviolable.” He warned that taking unilateral steps to restrict investor assets “violates the lawful rights of investors” and could damage wider trust in the project.

Advertisement

Sun mentioned that his aim has always been to progress together with both the team and the wider community. He said the focus is to work side by side to develop a strong and sustainable WLF ecosystem. He also emphasized that the team must uphold these principles, unlock his tokens, and enable all parties to progress together toward the lasting success of World Liberty Financials.

To the World Liberty Financials team and the global community,

As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team…

— H.E. Justin Sun 👨‍🚀 (Astronaut Version) (@justinsuntron) September 5, 2025

World Liberty Financial Blacklists Justin Sun’s Wallet Amid Token Transfer Dispute

The comments followed WLFI’s move to block Sun’s wallet, which locked 540 million unlocked tokens along with 2.4 billion locked WLFI, after on-chain data highlighted transfers of the tokens to exchanges. Sun, an early backer in the Trump-linked WLFI pre-sale, had previously stated his intention to hold the tokens for the long run.

The blacklisting took place soon after Sun began transferring WLFI tokens to the HTX crypto exchange. In a Friday X post, Bubblemaps wrote that Sun had moved $9 million of his still-unlocked WLFI to HTX, adding that he had sent a total of $10 million to centralized exchanges over the past three days.

JUST IN: Justin Sun moved $9M of his still unlocked $WLFI to HTX

In total, he sent $10M to CEXs over the past 3 days pic.twitter.com/jHDGoRqoMO

— Bubblemaps (@bubblemaps) September 5, 2025

Some crypto analysts have suggested that Sun may have been selling his allocation, even though he had made earlier promises not to. In a Friday X post, Quinten François, a cryptocurrency analyst and co-founder of the social decentralized app weRate, said that Sun may have attracted WLFI deposits from HTX users by offering 20% APY. He added that if Sun then sold tokens to exit his own unvested position, freezing his account would be justified. 

If Justin sun really lured in WLFI tokens from HTX users with a 20% APY to lock them, and then sell them to get out of ‘his’ own position while they’re still unvested, then he deserves to get his account frozen.

Especially if just 2 days ago he said that he wouldn’t sell any of…

— Quinten | 048.eth (@QuintenFrancois) September 4, 2025

However, other voices in the industry, including Nansen founder Alex Svanevik, argued that Sun has not been selling his allocation at all. Select 69 more words to run Humanizer.

Sun Pledges $20 Million Purchase in WLFI Tokens

On Friday morning, Sun strengthened his support for the project, pledging to buy $10 million worth of WLFI on the market. He also committed another $10 million to ALTS, the ticker of Nasdaq-listed Alt5 Sigma. In early August, Alt5 revealed a $1.5 billion plan for a WLFI token treasury. With his pledge, Sun aims to show support for Trump projects in both traditional finance and on-chain markets.

We believe U.S.-listed crypto stocks are an undervalued opportunity. I will market buy $10 million worth of ALTS and $10 million worth of WLFI. @worldlibertyfi @EricTrump @DonaldJTrumpJr @ZachWitkoff @zakfolkman @WatcherChase

— H.E. Justin Sun 👨‍🚀 (Astronaut Version) (@justinsuntron) September 5, 2025

The WLFI governance token was launched on September 1 with support from Donald Trump. At its token generation event, 20% of the 100 billion supply was unlocked. Justin Sun, the founder of Tron, received 600 million WLFI worth nearly $200 million at launch. This made up 3% of the unlocked supply and placed him among the project’s biggest stakeholders.

Advertisement