Justin Sun Has $700 Million WLFI After Launch

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Justin Sun, founder of TRON and owner of two crypto exchanges (Poloniex and HTX) has 3 billion WLFI tokens valued at over $700 million at the time of writing. 

Yesterday, Sun received 600 million WLFI tokens at the Token Generation Event as 20% of the 100 billion tokens were unlocked. Sun’s unlock was valued at around $200 million at the time. 

Sun already had 2.4 million WLFI tokens acquired before yesterday’s unlocking. He is a significant whale in the project and he claimed on X that he has “no plans” to sell. 

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Justin Sun’s on-chain crypto holdings are around $2.9 billion at the time of writing. His biggest holding is his WLFI tokens, followed by his TRX tokens valued at $687 million. He also has $478 million in STETH. 

Justin Sun has been effusive in his support for the WLFI project run by President Trump’s sons and backed by Trump himself.

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World Liberty Financial is a decentralized finance (DeFi) and cryptocurrency company that launched in 2024. The organization has launched a token ($WLFI) and a stablecoin (USD1), whilst positioning itself as a platform for borrowing, lending, and other financial activities on-chain.

The World Liberty Financial website currently states that lending, borrowing, an exchange and an app are all features coming soon to its ecosystem.

At its heart, World Liberty Financial's model revolves around the $WLFI token and the stablecoin, USD1.

‍$WLFI Token: Initially, the $WLFI token was conceived as a governance token, granting holders voting rights on the future development and direction of the platform. However, yesterday it became a tradable asset, available on several major cryptocurrency exchanges. The value of $WLFI, like other cryptocurrencies, is subject to market speculation and fell 25% since yesterday’s launch.

‍USD1 Stablecoin: The organization has also issued USD1, a stablecoin designed to maintain a one-to-one value with the U.S. dollar. Stablecoins are a crucial component of the DeFi ecosystem, providing a stable medium of exchange and store of value amidst the price fluctuations of other cryptocurrencies.