CryptoJustin Sun calls on World Liberty to unlock frozen...

Justin Sun calls on World Liberty to unlock frozen tokens, pledges $20M buy

-


Key Takeaways

  • World Liberty blacklisted Justin Sun’s wallet Thursday, freezing 540M unlocked and 2.4B locked WLFI tokens worth more than $3B.
  • Sun called the move “unreasonable” in an open letter and pledged to buy $10M in WLFI and $10M in ALTS stock to show continued support.

Share this article

Justin Sun has called on World Liberty Financial (WLFI) to reverse the blacklisting of his address, which froze more than $3 billion worth of unlocked and locked WLFI tokens Thursday afternoon.

In a post on X late Thursday, Sun published an open letter to the WLFI team and community, describing the freeze as “unreasonable” and arguing that tokens are “sacred and inviolable.” He said unilateral actions that freeze investor assets “violate the legitimate rights of investors” and risk undermining broader confidence in the project.

“My goal has always been to grow alongside the team and community and to jointly build a strong and healthy WLF ecosystem,” Sun wrote. “I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials.”

The remarks follow WLFI’s decision to blacklist Sun’s wallet, freezing 540 million unlocked and 2.4 billion locked WLFI after on-chain trackers flagged $9 million worth of WLFI transfers to exchanges.

On Friday morning, Sun doubled down on his support for the project, pledging to market buy $10 million worth of WLFI and $10 million worth of ALTS, the ticker for Nasdaq-listed company Alt5 Sigma.

In early August, Alt5 announced a $1.5 billion offering to create a WLFI token treasury strategy. With this pledge, Sun is seeking to clear the air with the Trumps by signaling support for their projects across both traditional finance and on-chain markets.

WLFI was last trading slightly above $0.18 Friday morning, according to CoinGecko data. ALTS, meanwhile, was up 5% on the day, according to TradingView.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

CHART: Coinbase app popularity spikes during bitcoin’s bull run

Crypto exchange Coinbase’s app rapidly spiked to an 8th spot in the US App Store rankings on Wednesday,...

Hitachi Energy Pledges $1B to Strengthen US Grid, Build Largest Transformer Plant in Virginia

Rising AI, EV, and industrial power demands strain the US grid. Hitachi Energy boosts transformer output to secure...

Decentraland price rebounds as bullish chart signals breakout higher

Decentraland price has staged a strong...

Scoop: Bitfinex, Tether shareholder Harborne is Nigel Farage’s top donor

Christopher Harborne, who has shares in Tether, was also outed as the biggest donor to the Brexit Party...

Advertisement

How Global Tensions Influence The Cryptocurrency Market And Bitcoin Prices

Understanding Global Tensions and Their TypesGlobal tensions manifest in various forms, including geopolitical conflicts, economic sanctions, and social...

Must read

CHART: Coinbase app popularity spikes during bitcoin’s bull run

Crypto exchange Coinbase’s app rapidly spiked to an...

Hitachi Energy Pledges $1B to Strengthen US Grid, Build Largest Transformer Plant in Virginia

Rising AI, EV, and industrial power demands strain...

You might also likeRELATED
Recommended to you