World Liberty Monetary (WLFI), the crypto protocol linked to Donald Trump and his household, on Thursday blacklisted Tron founder and key investor Justin Solar’s blockchain deal with, impeding him from transfering WLFI tokens.
The transfer impacts 595 million unlocked WLFI tokens held on the deal with, price roughly $107 million at present costs, in accordance with Arkham knowledge.
The motion adopted the Solar-linked deal with making a number of outbound transactions of WLFI tokens on the Ethereum blockchain — together with one for $9 million price of the tokens — blockchain knowledge reveals.
Solar, translated to English from Chinese language of the unique X publish, mentioned that the “deal with solely carried out a number of generic trade deposit assessments, with very low quantities, after which created deal with dispersion, with out involving any shopping for or promoting, which couldn’t probably have any affect available on the market.”
Representatives for Solar and World Liberty Monetary didn’t instantly return CoinDesk’s requests for remark.
WLFI tumbled 20% over the previous 24 hours. It is down 42% because it began buying and selling on exchanges on Sep. 1.
Solar, key investor in World Liberty Monetary
Justin Solar emerged as a central backer of World Liberty Monetary, initially stepping in with a $30 million token buy and an advisory function in late 2024. Since then, WLFI has had rising ties to the Tron ecosystem, including Tron’s native token TRX (TRX) to its treasury and with Eric Trump revealing plans to launch the protocol’s USD1 stablecoin on Tron.
By mid-2025, Solar’s whole funding within the protocol had grown to about $75 million. On the eve of WLFI token’s market debut he was reported to carry practically $700 million price of tokens, a lot of it nonetheless vesting-locked.
Solar mentioned on Monday, when WLFI launched, that “we’ve got no plans to promote our unlocked tokens anytime quickly.”
