Justin Sun’s cryptocurrencies, such as Sun Token and BitTorrent, were some of the best performers on Aug. 21, as investors cheered the ecosystem’s growth.
Sun Token and BitTorrent tokens are soaring Sun Token (SUN) rose by over 50% to a high of $0.0196, its highest level since 2022, and 143% above its lowest point this month. This rally has pushed its market cap to over $182 million.
BitTorrent (BTT) jumped by over 25%, reaching a high of $0.0000010, its highest point since June. Other top tokens in the ecosystem, like Tron (TRX) and Just (JST), rose by double digits.
The rally happened as the ecosystem continued receiving positive news. Last week, Justin Sun launched the SunPump platform, which has led to the creation of many meme coins already. Data by DefiLlama shows that SunPump has already accumulated over $1.5 million in assets.
If the platform succeeds, Justin Sun will likely make millions. Pump.fun, the pioneer meme coin generator, has already generated almost $100 million in revenues.
Just, Sun Token and BitTorrent prices | Source: crypto.news Tron has become a major part of the blockchain industry Tron has also become one of the most successful blockchains in the industry. Data shows it has over 2.36 million active addresses, higher than Ethereum’s 335,000 and Solana’s 1.23 million.
Tron also has a market cap of over $59.54 billion for stablecoins. Because of their stability, stablecoins have become essential in global transactions. Data by Tronscan shows that Tron has over 49 million stablecoin holders and handled a trading volume of over $46 billion on Aug. 21. Tron has also reportedly generated over $1.05 billion in fees this year.
Sun Token also jumped because of its ecosystem growth. Its platform has a total value locked of $750 million, its highest point since 2022. In TRX terms, the TVL jumped to over $4.6 billion.
BitTorrent’s ecosystem is similarly thriving. The number of BitTorrent File System weekly miners rose to over 8 million. At the same time, the total storage contracts jumped to 168 million, making the BTFS one of the most prominent storage solutions in the blockchain industry.
SUN and BTT tokens rallied even as Bitcoin and other cryptocurrencies wavered. Bitcoin has been stuck at $59,000 in the past two weeks while the total crypto market cap dropped by 2.6% to $2.19 trillion.
Bitcoin Dogs (0DOG) surged by over 2.7x on debut, now stabilized around $0.03. Sun Token (SUN) has risen by over 127% to a high of $0.02568, driven by positive Tron ecosystem developments. Both 0DOG and SUN are poised for growth, with bullish trends and strong fundamentals. As the cryptocurrency landscape evolves, certain tokens are making significant waves, capturing the attention of investors and analysts alike. Bitcoin Dogs (0DOG) and Sun token (SUN) are two notable examples, each experiencing substantial growth amid a bullish market.
This article delves into the recent performance of these tokens and offers insights into their future trajectories, reflecting the broader bullish sentiment in the crypto space.
Bitcoin Dogs (0DOG) pump after listing, can it maintain the momentum? Bitcoin Dogs ($0DOG), the world’s first ICO on the Bitcoin BRC20 token, has made a remarkable entrance into the cryptocurrency market. The $0DOG token has been listed on three major exchanges: MEXC, Gate, and UniSat, and its debut was nothing short of spectacular.
On its first trading day, according to Gate.io data, $0DOG experienced an impressive surge, climbing over 2.7x to reach $0.12270 before stabilizing around $0.043 before the end of the day.
Although the token price has since dropped to around $0.03025 at press time, the initial pump highlighted the strong market demand and the robust technical support that 0DOG enjoys.
The success of 0DOG’s launch can be attributed to a combination of factors, including the anticipation built during its presale phase, which raised $13.4 million.
The token’s performance reflects investor enthusiasm and confidence in its potential. Despite some early profit-taking, $0DOG has stabilised around its launch price, establishing firm support. This resilience suggests that the token has a strong buyer base, similar to other successful meme coins like PEPE, which saw significant long-term gains despite initial volatility.
Looking ahead, the outlook for Bitcoin Dogs appears promising. Analysts are optimistic about 0DOG’s potential to capitalize on the anticipated bullish trends in Bitcoin’s price action. With Bitcoin’s price expected to surge in Q4, 0DOG is well-positioned to benefit from the broader cryptocurrency market’s growth.
Additionally, the integration of Bitcoin Dogs into the Telegram gaming sector, with its unique blend of Tamagotchi-style gameplay and PvP battles, is set to attract a significant user base, further enhancing the token’s growth prospects.
The upcoming developments, including staking opportunities, NFT collections, and game beta releases, will likely drive additional interest and investment in 0DOG.
SUN token future outlook amid bullish market sentiment Sun token, the native token of SUN.io platform has also been making headlines with its recent price movements. The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining and self-governance.
Over the past seven days, SUN token price has seen a dramatic increase, rising over 127% to a high of $0.02568, its highest level since 2022.
This rally pushed its market cap to over $182 million and represented a 143% increase from its lowest point earlier in the month. The token’s impressive performance is a testament to the growth of the Sun ecosystem as the broader Tron ecosystem sees spontaneous growth buoyed by positive developments such as the launch of the SunPump platform.
The SunPump platform, which has already accumulated over $1.5 million in assets, is driving increased interest in SUN. The platform’s success in generating new meme coins and its comparison to Pump.fun, a notable meme coin generator, underscores its potential impact on SUN’s value.
In addition to the SunPump platform’s success, the broader Tron ecosystem has also contributed to SUN’s positive trajectory. The Tron blockchain has demonstrated substantial growth, with over 2.36 million active addresses and a market cap of over $59.54 billion for stablecoins. The ecosystem’s expansion enhances the overall value proposition of SUN.
Looking forward, SUN’s future prospects are closely tied to the continued success of the SunPump platform and the overall growth of the Tron ecosystem.
As a majority of Tron-based tokens continue to experience bullish sentiments, SUN is well-positioned to capitalize on these trends, potentially reaching new heights. With the recent upgrade to its contract and ongoing ecosystem developments, SUN’s upward momentum is expected to continue, making it a token to watch in the coming months.
Conclusion Both Bitcoin Dogs (0DOG) and Sun (SUN) are poised for significant growth, driven by bullish market sentiments and strong underlying fundamentals.
As these tokens navigate their respective trajectories, they offer promising opportunities for investors looking to capitalize on the evolving cryptocurrency landscape.
If interested in Bitcoin Dogs (0DOG) it is currently available on MEXC, Gate, and UniSat. You could also visit the official Bitcoin Dogs website to learn more about the cryptocurrency.
Sun Token price continued pumping on Friday, Aug. 23, making it one of the best-performing cryptocurrencies this week.
Sun (SUN) surged to a high of $0.028, marking its highest level since December 2021 and a staggering 526% increase from its lowest point in 2023. Its market capitalization has grown significantly, rising from $101 million on Aug. 17 to over $276 million.
Sun’s jump mirrored the performance of other tokens in Justin Sun’s ecosystem. Tron (TRX) rose to $0.1660, its highest level since May 2021. Similarly, BitTorrent (BTT) soared to $0.0000010 while Just (JST) reached $0.034, 40% above its lowest level this year.
SUN’s price surge is supported by the recovery in the total value locked (TVL) in its DeFi platform, which has reached $758.7 million, the highest level since November 2022.
Traders hope that Sun’s ecosystem could see robust growth as we saw with Solana’s Raydium network as its meme coins gained popularity. In that period, Raydium has become a top-ten Decentralized Exchange, handling billions of volumes each month.
According to DeFi Llama, the total volume handled in Tron’s DEX ecosystem rose by over 558% in the last 7 days to a record high of over $915 million. Most of this volume was in SunSwap V3, which handled $140 million followed by V2, which processed $42.60 million.
SUN also benefited from comments made by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium. Powell hinted that the Fed might start cutting interest rates in September, which spurred further gains in the crypto market, with Bitcoin (BTC) rising to $62,000.
Sun Token price Sun Token price | Chart by TradingView Sun rose for the second consecutive day, crossing the crucial resistance point at $0.018, its highest swing on March 14. It has soared above all moving averages and the SuperTrend indicator.
The Average Directional Index has risen to 52, its highest level since June 6. An ADX above 50 typically indicates strong momentum.
The Relative Strength Index and the Stochastic Oscillator have both entered extreme overbought territory. Given these signals, SUN is likely to continue rising in the short term, but a reversal may occur as investors begin to take profits. The key psychological level to watch will be $0.030.
Telegram meme coins have been in the spotlight for a while due to the overly successful mini-Apps technology on the messaging platform. In the past few days, Tron (TRX) and Ton (TON) have been sharing the limelight with their top meme coins: Sun Token (SUN), Dogs (DOGS), and Notcoin (NOT), while Solana hype reduced drastically as volume moved to these two chains. However, Solana may have found robust support and may rebound soon.
Telegram Coins Threaten to Break Ton Network On August 26, Dogs, a Telegram mini-app coin, launched in the Ton blockchain. While the launch was a success, it left the network in tatters as congestion caused transactions to get stuck.
According to Ton Stat, the image to the left shows a Ton blockchain on a normal day, while the one to the right shows the network during the DOGS launch. The white vertical lines here indicate all the issues and delays (latency) experienced while using TON-related services during the launch.
Finally, the Ton Foundation called on validators to restart their nodes with specific flags to re-establish consensus, temporarily suspending deposits and withdrawals to and from crypto exchanges.
Similarly, the launch of Notcoin in May led to a more than 40% increase in the price of TON, though in terms of network congestion, NOT was relatively easy on the main chain.
Following the launch, the price of DOGS stagnated as the market awaited news on the release of Telegram founder Pavel Durov, who was imprisoned in France.
On August 28, DOGS price experienced a slight spike after reports of Durov’s release surfaced on the crypto X space. However, once it became clear that he would face official charges, DOGS entered a consolidation phase, fluctuating between $0.0016 and $0.0014.
Notcoin price has taken a beating over the last few months. After launch, airdrop claimors cashed heavily, lowering the token price. However, a marketing stunt from the team caused the token to surge in price, peaking at $0.0233. NOT has been dropping since then and is down 62%.
SUN Price Overshadows Pump.Fun From Solana Aside from the Telegram coins, SUN from SunPump, the Tron version of Solana’s Pump.fun, also stole the show from Solana. Data from Dune Analytics shows SunPump briefly overtook Pump.fun on August 21, when it generated $585,000 in revenue against Pump.fun’s $366,000.
However, Solana has remained the top destination chain for coins since August 29, when 7,860 new tokens were created on the platform, generating $458,000 in revenue. In comparison, SunPump saw 4,562 tokens launched, constituting $295,000 in revenue in the same duration.
SUN price began to surge on August 14, after Tron Founder Justin Sun posted it on his X account, showing support for it. Over the next seven days, SUN skyrocketed by over 170%, peaking at $0.043 before starting to correct.
SUN price is currently trading at $0.03118, an increase of 4% in the last 24 hours, and has also found strong support around this price.
It is possible for SunPump to once more overtake Pump.fun as Tron Founder plans to take the Tron coins sector to a $4 billion market cap in 2025.
Can Solana Take Back Glory from Telegram Coins? Solana has a very good history for its ability to rebound from any setback. In the most recent rise, Solana price pumped from a low of $20 to the current price of $144. SOL price action remains one of the strongest despite recent market volatility.
Breaking 🚨:
Telegram CEO, Pavel Durov, has been released from prison. However, he is prohibited from leaving France and must pay a bail of €5 million.#FREEDUROV pic.twitter.com/c20U3ejodA
— INVESTMENT SIGNATURE (@INVESTSIGNATURE) August 29, 2024
The release of Durov from prison and the subsequent dropping of all the charges leveled against him may trigger a bull season on Telegram coins. But until then, Solana proves to be a difficult opponent to take down.
Sun Token has catapulted to the forefront of the top 300 cryptocurrencies with an impressive monthly rise, yet a drop in open interest and volume suggests its rally may be losing steam.
Justin Sun’s cryptocurrency, Sun Token (SUN), has been one of the top performers over the past 30 days, experiencing a 240% increase as investors responded positively to the ecosystem’s expansion.
SUN serves as the utility token for Sun Pump, a meme coin launch platform on the Tron network, similar to Solana’s Pump.fun memecoin deployer.
Originally launched over four years ago as a Bitcoin alternative, SUN Token faced a significant downturn in 2021 due to an oversupply issue. This led to a shift in focus toward decentralized finance on platforms like Justswap and Justlend. With its new use cases, SUN is now targeting a market capitalization of $1 billion.
On Aug. 25, Sun Token reached a peak of $0.0435, its highest value since December 2021, representing an impressive 731% increase from its lowest point in 2023. Its market capitalization has also seen major growth, rising from $101 million on Aug. 17 to over $326 million.
Justin Sun has played a crucial role in driving this surge by implementing strategies such as capitalizing on memecoins and tweaking network fees. His latest feature, SunPump, quickly surpassed Solana-based Pump.fun in daily active users and revenue as of Aug. 21.
Recently, Justin Sun addressed critics who made negative statements about the SUN token through an X post on his account. He countered the criticism by offering to purchase any SUN tokens from these individuals at a rate of $0.03 each.
Traders are optimistic that Sun’s ecosystem could be a key driver to growth, drawing parallels to Solana’s Raydium network, which saw its own memecoins rise in popularity. During that period, Raydium became one of the top ten decentralized exchanges, handling billions in trading volume each month.
SUN price action Despite being the top gaining token over the last 30 days Sun Token has dropped 7.2% in the last 24 hours. The crypto asset’s 24-hour trading volume was down 30% hovering around $127 million.
Data from Coinglass reveals that SUN’s total open interest has dropped by 17.89% in the last day, declining from $84.64 million to $69.51 million, reflecting waning trader interest as the broader crypto market experienced a 2.1% dip, bringing its total value to $2.11 trillion.
Data from the market intelligence platform also shows that SUN’s aggregated funding rates are currently at -0.0348%, signaling a bearish sentiment among traders regarding SUN’s price outlook.
SUN price, RSI, and ADX – Sep. 2 | Source: crypto.news The Average Directional Index has climbed to 61.05, the highest since June 6, suggesting strong momentum, as an ADX above 50 typically indicates.
Meanwhile, the Relative Strength Index has entered extreme overbought territory. This suggests that while SUN may continue to rise in the short term, a reversal could be on the horizon as investors start to take profits.
The crucial level to watch is $0.030—if SUN’s price falls to this level, it might present a buying opportunity before a potential rebound. However, if it fails to hold this level, the price could drop to around $0.013. Conversely, if the momentum continues, SUN could rise to $0.050.
TRON’s Sun Token (SUN) recently saw an 8% drop in value, raising investor concerns. This drop coincides with a broader downturn in the cryptocurrency market, where many major coins and tokens are also experiencing significant declines.
The SUN token’s situation is particularly interesting in that it follows a remarkable 339% growth in August, which caught the attention of many investors and traders.
As investors look for more promising opportunities, the focus has turned to a new Ethereum token, RCO Finance (RCOF), trading at an intriguing $0.03. This shift underscores the volatile nature of digital currencies and highlights the increasing interest in innovative projects within the market.
The Current State of TRON’s Sun Token TRON’s Sun Token has been quite the wild ride this past week; it initially surged and attracted the attention of many investors. However, its value has taken a nosedive recently, shedding about 8%.
This is a substantial drop, considering the recent bullish trends that had seen its price experience a boost. At the same time, investors turned to it as a hedge against plummeting prices in Solana (SOL) and other tokens.
According to analysts, the decline in value is mainly due to market corrections and changes in investor sentiment as more people pursue more stable and promising alternatives.
Currently changing hands for about $0.03439, the Sun Token is quite far from its previous highs. Of course, it could work its way higher once more, but the immediate outlook is tough, given the growing competition within the TRON ecosystem.
RCO Finance: The Rising $0.03 Ethereum Token Compared to Sun Token’s struggles, RCO Finance (RCOF) is gaining traction as a hedging and investment option in the DeFi space. With its innovative asset management and investment strategies, RCOF is capturing the attention of savvy investors looking for the next big opportunity in the current market.
RCO Finance’s prime feature is that its trading platform is completely based on AI. It uses top technologies to analyze market trends and provide recommendations for prospective assets.
This way, RCOF offers its users an advanced AI robo-advisor service to smooth the trading process with individually designed investment strategies based on personally conducted market research and individual preferences.
The robo advisor helps traders make well-informed decisions to capitalize on market opportunities and increase returns. Adding the automated market-making tool to the platform further enhances efficiency since there is no need to do the trade manually and then periodically follow up on it.
RCO Finance makes a difference as the bridge between traditional finance and the world of DeFi. It allows investors to invest in a well-diversified asset class, ranging from stocks, bonds, real estate, and commodities tokenized to RCOF Ethereum token, relieving the stress of fiat currency conversions. What diversification and growth will come with it?
One of the most critical features of RCO Finance is decentralization in governance. RCOF holders can participate in protocol upgrades and contribute to the platform’s direction, a community-driven approach that is in keeping with DeFi principles.
RCO Finance offers options such as yield farming, liquidity pools, and staking for passive income seekers. Importantly, no KYC is required here, so users have the utmost access and confidentiality.
RCO Finance prioritizes security and transparency. Leading firms like SolidProof regularly audit the protocol to ensure the safety of user funds. It is developed on the Ethereum blockchain, which enjoys the network’s strong security features and scalability.
The RCOF Ethereum token employs a deflationary model, supported by fees and taxes, to bolster its value over time. Its well-structured tokenomics aims to maintain project stability and prevent liquidity problems or pump-and-dump schemes.
The Future of RCO Finance and Its Presale The recent buzz around RCOF has captured attention with its impressive performance. As investors shift away from the declining Sun Token, many focus on the RCOF Ethereum token, currently in the second stage of its presale at $0.0344. The token features a scaling price structure, increasing significantly in the subsequent stages.
RCOF’s appeal comes from its competitive pricing and potential for high returns. Early investors are hopeful for returns as high as 1,700% when RCOF hits exchanges, with prices projected between $0.40 and $0.60. Once the Ethereum token is listed, a $200 investment could turn into over $3,400.
The prospect of significant returns draws interest and investments, with more people recognizing the potential for substantial gains. Investors are advised to act quickly as the presale grows and interest rises.
For more information about the RCO Finance (RCOF) Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
TLDR:TRON DAO Wallet Blacklisted After Token TransfersJustin Sun Responds to Token Freeze and WLFI Price DropGet 3 Free Stock Ebooks World Liberty Finance blacklisted TRON DAO’s wallet after it moved $11M worth of WLFI to other wallets. Justin Sun rejected claims he dumped WLFI and called the freezing of tokens unfair to early investors. The TRON DAO wallet had purchased 3B WLFI in the ICO and unlocked 600M before the freeze. WLFI price fell 1.93% in 24 hours, now trading at $0.1818 with $1.3B volume, according to CoinGecko. World Liberty Finance’s decision to blacklist the TRON DAO wallet has fueled new tensions in the WLFI ecosystem. The wallet linked to TRON had earlier unlocked hundreds of millions of tokens and shifted millions into fresh accounts.
The move has frozen the remaining balance, preventing further transfers. Market watchers linked the action to rumors of a WLFI dump on the HTX exchange. In response, Justin Sun broke his silence, pushing back on the freeze and defending his role as an early investor.
TRON DAO Wallet Blacklisted After Token Transfers Data shared by Spot On Chain revealed that the TRON DAO wallet had previously bought 3 billion WLFI during the project’s ICO.
🚨🚨 The World Liberty Finance (@worldlibertyfi) team blacklisted the TRON DAO wallet on the $WLFI token contract 8 hours ago.
The wallet (0x5AB261…) had previously bought 3B $WLFI via the ICO, unlocked 600M, and moved 54M $WLFI (~$11M) to new wallets.
By blacklisting the… pic.twitter.com/0DPjDgWgDA
— Spot On Chain (@spotonchain) September 5, 2025
Around 600 million of those tokens had unlocked, with 54 million, worth about $11 million, moved into new wallets. Eight hours ago, the World Liberty Finance team blacklisted the wallet address, halting any further transactions.
The decision was widely interpreted as a response to speculation about WLFI being sold on HTX by TRON’s founder, Justin Sun. The rumors came as the token faced selling pressure in the market. By locking the wallet, the project team effectively froze the remainder of the ICO allocation.
The blacklist has stirred debate over investor rights and the role of token issuers in controlling wallets. For the WLFI community, it also raised questions about fairness in treatment between investors. This context set the stage for Sun’s public statement.
Justin Sun Responds to Token Freeze and WLFI Price Drop In a message shared on X, Justin Sun said his WLFI tokens were unreasonably frozen despite being bought in the same way as others.
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
He emphasized that he had backed World Liberty Finance with both funds and trust, expecting equal treatment with other investors. He described tokens as “sacred and inviolable,” saying that freezing them damages confidence in the project.
Sun called on the team to respect investor rights and unlock his holdings. He added that unilateral actions risk undermining the project’s credibility. His statement aimed to reframe his role as a supporter rather than an opportunistic seller.
While the standoff unfolded, WLFI continued trading lower. CoinGecko data showed the token’s price at $0.1818, reflecting a 1.93% drop in 24 hours. Trading activity remained high, with a 24-hour volume of more than $1.3 billion.
WLFI price on CoinGecko The situation has drawn attention from across the crypto sector, given Sun’s influence and the scale of the wallet involved. For now, the dispute leaves a large chunk of WLFI supply locked and uncertainty over whether the tokens will remain inaccessible.
Justin Sun has accused World Liberty Financial, or WLFI, of hiding controls that could freeze token holders’ wallets.
Summary
Justin Sun said WLFI hid blacklist controls that could freeze wallets without notice or recourse. Onchain data tied the project to large token-backed borrowing that drew fresh criticism from observers. WLFI faced added pressure as token prices fell and liquidity concerns deepened during controversy again. The claims add new pressure to the project as onchain activity, borrowing patterns, and token losses draw more attention.
Sun said he backed WLFI because it presented itself as a decentralized finance platform built to expand financial access. He wrote that the project later revealed a very different structure, one that gave the company direct control over token holders’ access.
In his statement, Sun claimed the WLFI smart contract contained a “backdoor blacklisting function.” He said that feature could let the company “freeze, restrict, and effectively confiscate” assets without notice or recourse. No response from WLFI was included in the material provided.
Sun says his wallet was blacklisted Sun said he was “the first and single largest victim” of the alleged blacklist system. He claimed WLFI blocked his wallet in 2025 and said the action violated investor rights and basic blockchain standards tied to fairness and transparency.
He also challenged the project’s governance process. Sun said votes used to support these actions were not fair or transparent. He argued that key facts were withheld from voters and that participation was limited before outcomes were decided.
Moreover, the dispute comes as WLFI also faces questions over its use of self-issued assets in lending activity. The project committed large amounts of its own tokens and stablecoin to secure outside liquidity.
Blockchain data cited in the report showed that WLFI used around $14 million in USD1 to borrow about $11.4 million in USDC in February. Other reported transfers and deposits later pushed total borrowing above $75 million, while the project’s presence on Dolomite grew to a large share of the protocol’s liquidity.
Price pressure adds to the dispute Market data in the same report showed WLFI falling more than 21% over the past 30 days. The token traded below $0.08 as the accusations circulated and as concerns around liquidity use and withdrawals stayed in focus.
The report also said USD1 pool utilization neared 93% and that WLFI moved 3 billion tokens in early April. Sun said the project should “unlock the tokens and uphold transparency” as pressure around the platform continues to build.
TLDR: WLFI deposited $5B of its own token on Dolomite, borrowing $75M and sending $40M to Coinbase Prime. Dolomite’s utilization hit 100%, blocking ordinary depositors from withdrawing their stablecoins on the platform. Justin Sun alleged WLFI used a smart contract backdoor to blacklist his wallet, freezing $107M of his funds. Investor losses reached $3.87B across 600,000 wallets while related entities collected $350M in fees total.
World Liberty Financial (WLFI) is back at the center of crypto controversy following a series of financial moves that have raised serious questions about governance, transparency, and conflict of interest.
The token, currently trading at $0.07, has seen social activity surge sharply even as its price falls 18% this week and 67% from September highs.
With 600,000 wallets holding the token, losses now stand at $3.87B while related entities have collected $350M in fees.
Conflict of Interest Raises Questions Over WLFI’s Dolomite Transaction WLFI deposited $5 billion worth of its own token as collateral on Dolomite, a DeFi lending protocol. Against that collateral, it borrowed $75 million in stablecoins. Shortly after, $40 million of those funds moved directly to Coinbase Prime.
The transaction structure drew immediate scrutiny due to the relationships involved. Dolomite was co-founded by Corey Caplan, who also holds an advisory role at World Liberty Financial. Essentially, the borrower had direct ties to the lender, the collateral, and the protocol itself.
When WLFI deposited the $5B in tokens, Dolomite’s utilization rate hit 100% almost immediately. That spike left ordinary depositors unable to withdraw their stablecoins, even though their balances appeared intact on paper.
This kind of arrangement has led many in the crypto community to question whether the transaction served the broader user base.
LunarCrush reported that social mentions, engagements, and crypto market share for WLFI are all climbing sharply, driven largely by these controversies.
Social activity on $WLFI is soaring higher today.
The mechanics of why is complicated but we'll try to summarize what the community is posting about…$WLFI deposited $5B of its own token as collateral on Dolomite.
They then borrowed $75M in stablecoins, and sent $40M… pic.twitter.com/KiO3mUbeYU
— LunarCrush (@LunarCrush) April 12, 2026
Justin Sun Blacklist Claim Adds Another Layer to WLFI’s Growing Troubles Beyond the Dolomite situation, WLFI now faces a separate and equally serious allegation. Justin Sun, founder of TRON, publicly claimed that WLFI blacklisted his wallet using a backdoor function embedded in the project’s smart contract.
According to Sun, this action froze approximately $107 million of his holdings without notice or recourse. The claim raised immediate concerns about centralized control within what was marketed as a decentralized finance project.
A backdoor function capable of freezing wallets runs counter to core DeFi principles. It suggests that specific parties may hold override authority over the protocol, which is not a standard feature in genuinely decentralized systems.
Meanwhile, WLFI’s circulating supply has reached 31.7 billion tokens. That growth in supply, combined with a price drop of 67% from its September peak, points to ongoing pressure on token value.
The Trump family and associated business entities have reportedly collected $350M in fees throughout this period, while investor losses have reached $3.87 billion across 600,000 wallets.
TLDR: Justin Sun invested roughly $175 million across WLFI and TRUMP memecoin before the public fallout began. WLFI froze 595 million of Sun’s unlocked tokens worth $107 million, citing a breach of his investor agreement. WLFI borrowed $75 million in stablecoins on Dolomite against its own token, sending $40 million to Coinbase Prime. The WLFI token has dropped 76% from its all-time high, now trading near $0.079 amid ongoing legal threats. World Liberty Financial and Justin Sun are locked in a public dispute over frozen tokens, alleged misconduct, and a contract backdoor claim.
Sun, the project’s largest investor with roughly $175 million in Trump-linked crypto exposure, accused WLFI of hiding a wallet freeze function from investors. WLFI denied the claims and threatened legal action.
On-chain data has made portions of both sides’ activities visible to the public, raising questions across the crypto community.
Justin Sun Alleges Hidden Freeze Function in WLFI Token Contract Sun first invested $30 million in WLFI in late 2024. By January 2025, he scaled that position to $75 million and was named a project advisor. He also committed $100 million to the TRUMP memecoin, bringing his total exposure to roughly $175 million.
The WLFI token launched on September 1, 2025, at around $0.25 and reached a high near $0.33. Only 20% of presale tokens were unlocked at launch.
Three days after launch, Sun moved approximately 50 million WLFI tokens to HTX, an exchange where he holds an advisory role.
Around that same time, HTX began offering WLFI presale investors high yields for depositing and locking their newly unlocked tokens.
WLFI alleges that Sun was selling tokens on the back end of his own exchange, including tokens tied to locked user balances.
According to WLFI, the plan was to exit early using retail users’ locked tokens as liquidity. Sun would then use future token vestings to refill HTX user balances. WLFI says it obtained logs supporting this claim and froze his wallet on breach-of-agreement grounds.
Billion dollar crypto clash.
World Liberty vs Justin Sun.
Today, Justin Sun, the largest investor in Trump's crypto project World Liberty Financial, went public and accused the project of building a hidden backdoor in the token contract that lets the team freeze any wallet… pic.twitter.com/sooGkGgkCz
— Bull Theory (@BullTheoryio) April 12, 2026
The freeze locked approximately 595 million unlocked tokens worth $107 million, along with billions more in vesting tokens. On-chain data from Nansen showed Sun’s wallet transfer occurred after the price dropped that day, not before.
Sun publicly described himself as “the first and single largest victim” of what he called a hidden backdoor blacklisting function.
He added that governance votes used to justify the freeze had key information hidden from voters and predetermined outcomes.
WLFI’s Dolomite Loan and Coinbase Prime Transfers Draw Further Scrutiny Starting in February 2026, WLFI’s treasury began borrowing on Dolomite, a DeFi lending platform. It deposited its own stablecoin and governance token as collateral, then borrowed real stablecoins against them.
By April 9, 2026, WLFI had deposited 5 billion tokens as collateral and borrowed around $75 million in stablecoins. Over $40 million of those funds were sent to Coinbase Prime, a platform commonly used for institutional fiat conversion.
Dolomite was co-founded by Corey Caplan, who also serves as a WLFI advisor and has been described as acting in a CTO capacity. WLFI’s own token made up roughly 55% of Dolomite’s total liquidity at that point.
The USD1 stablecoin pool on Dolomite reached 93 to 100% utilization during this period, making it difficult for regular depositors to withdraw their funds. The $40 million transfer to Coinbase Prime took place hours before Trump’s US-Iran ceasefire announcement.
WLFI responded to the criticism by calling it FUD. The project stated the position was far from liquidation and described itself as an “anchor borrower” generating yield for other lenders on the platform.
WLFI’s official account addressed Sun directly on X, stating: “See you in court pal.” Sun responded by demanding the team identify themselves publicly rather than operating behind an anonymous account. The Dolomite loan remains open, and the WLFI token was trading near $0.079 at the time of writing, down 76% from its all-time high.
TLDR: Justin Sun filed a federal lawsuit in California against World Liberty Financial over frozen tokens. Sun claims the WLFI team stripped his voting rights and threatened to permanently burn his holdings. A new WLFI governance proposal could lock tokens indefinitely for holders who reject its terms. Sun’s frozen tokens bar him from voting on the April 15 governance proposal affecting all early investors. Justin Sun, the founder of TRON, has filed a federal lawsuit in California against World Liberty Financial (WLFI). The legal action follows allegations that the WLFI project team froze all of his tokens without any valid reason.
Sun further claims that his voting rights were stripped and his holdings threatened with permanent destruction. While pursuing the case, Sun reaffirmed his strong support for President Trump and the administration’s pro-crypto stance. The lawsuit targets specific individuals within the project team, not the broader movement.
Sun Alleges Wrongful Token Freeze by WLFI Team The TRON founder stated that the project team froze his holdings without proper justification. He had reportedly tried in good faith to resolve the issue before taking legal action.
However, the project team refused his requests to restore his tokens and voting rights. With no resolution in sight, Sun turned to the courts for relief.
On X, Sun addressed the situation directly. He stated that certain individuals on the World Liberty project team had been operating against President Trump’s values.
Today, I filed a lawsuit in California federal court against World Liberty Financial to protect my legal rights as a holder of $WLFI tokens.
I have always been—and remain—an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly.…
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) April 22, 2026
Sun further noted that he does not believe Trump would condone these actions if aware of them. The lawsuit, therefore, is directed at specific team members, not the administration.
Sun made clear that he only seeks equal treatment as an early investor. He wants no special treatment — only the same rights that other early token holders received.
This position forms the core of his legal argument against WLFI. The case raises broader questions about accountability in crypto project governance.
Sun also clarified that the legal dispute does not change his support for the Trump Administration. He has consistently backed the administration’s efforts to make America crypto-friendly.
His public statements reflect a desire to separate the legal issue from the political one. Sun appears focused on protecting his rights as a token holder above all else.
New Governance Proposal Draws Strong Opposition From Sun Beyond the frozen tokens, Sun also raised concerns about a governance proposal published on April 15. The proposal reportedly requires token holders to affirmatively accept certain terms or face indefinite lockups.
One condition involves permanently burning 10% of all advisor tokens. Sun strongly opposes this proposal and considers it harmful to the broader community.
Under the new terms, early purchaser tokens face a two-year cliff followed by a two-year vesting schedule. Token holders who do not accept these terms would have their holdings locked indefinitely.
Sun warned that these conditions create unfair outcomes for early investors. He argued the terms run counter to the transparency principles that define crypto.
Sun noted that his frozen tokens prevent him from voting on the proposal through governance channels. This effectively silences him during a critical decision for the project.
He turned to public platforms to alert the community about the proposed changes. Sun urged token holders to closely examine the governance terms before any vote is cast.
In his public post, Sun wrote that he believes in fairness, transparency, and the principles that make crypto powerful. He vowed to continue fighting for those principles in court.
His legal case against WLFI is expected to proceed in the coming months. The dispute may reshape how governance rights are handled in future crypto projects.
TLDR: WLFI ballot gave holders no exit — accept vesting or face indefinite asset freezes with no appeal process. Four wallets controlled 40% of the vote, and one address alone exceeded the quorum threshold single-handedly. Founders retained 40.7 billion tokens worth $3.2B after burning only 4.5 billion — a 1:9 sacrifice-to-retention ratio. Simultaneous token unlocks are expected to push prices below five cents, wiping out all remaining holder profits. A designer behind the World Liberty Financial (WLFI) governance mechanism has publicly described how the vote was structured.
The ballot required 18,000 token holders to choose between accepting a vesting schedule or facing indefinite asset freezes.
A reported 99.5% voted yes. The token, which traded at $0.23 in January, now sits at eight cents — a 65% decline since launch.
Freeze Function and Ballot Design Raised Conflict-of-Interest Concerns Peter Girnus, the mechanism’s designer, previously built a freeze function for WLFI. That feature allowed a single anonymous wallet to lock any holder’s assets without notice or appeal. Justin Sun publicly called it a backdoor. WLFI sued Sun, and Sun filed a $1 billion counter-suit on April 22nd.
I designed the WLFI governance vote.
You may remember me. Last month I built the freeze function. The one where a single anonymous wallet can lock any token holder's assets at any time for any reason without notice or appeal. Justin Sun called it a backdoor. We called it… pic.twitter.com/grox6cI8bE
— Peter Girnus 🦅 (@gothburz) April 30, 2026
The governance vote came after that legal dispute. Girnus described the ballot as “phase two” following the freeze function. The vote covered 62.3 billion tokens across early supporters and founders. Three founders approved the proposal in eleven minutes.
The ballot offered holders two options. Accept the vesting schedule, or keep assets frozen indefinitely. No alternative proposal, counteroffer, or appeals process was provided to participants.
Four wallets controlled 40% of the total ballot. One address alone held 13% of the vote and exceeded the one-billion-token quorum threshold by itself. The governance committee also held the addresses that set the quorum.
Token Economics and Vesting Sequence Raise Further Questions Founders retained 40.7 billion tokens after a 4.5 billion burn. At eight cents, that allocation equals roughly $3.2 billion. The burned supply was valued at approximately $360 million. The ratio of burned to retained tokens was roughly 1:9.
Some early investors entered at $0.015 to $0.05 per token. At current prices, those holders appear in profit on paper. However, simultaneous token unlocks are expected to push prices below five cents, erasing those gains.
Reactions on the governance forum reflected frustration. One holder wrote that “there is no democracy” and called the system “a joke.”
Another threatened legal action. A third posted only “WTF.” All three signed yes on the ballot. The holder who threatened jail voted yes fourteen minutes after posting.
Girnus confirmed he verified each wallet signature personally. He also noted he kept timestamps of all activity. The 99.5% approval rate was cited in a press release as evidence of “overwhelming community consensus.”
Girnus noted in his account that both the coercive condition and the approval rate were accurate — and were the same statement.
