Justin Sun buys more of Trump’s WLFI than it planned to sell – Protos
Justin Sun, a prominent figure in the cryptocurrency space, has made headlines by purchasing a significant amount of World Liberty Financial (WLFI) tokens. In fact, Sun now holds more WLFI tokens than anyone else and has exceeded the amount originally intended to be sold.
Taking to social media platform X (formerly Twitter), Sun announced that he had invested $30 million in World Liberty Financial. The 2 billion WLFI tokens he acquired were transferred to a specific address funded by Sun-advised HTX.
Interestingly, the World Liberty Financial team had previously stated in SEC filings that they planned to sell tokens worth $30 million before terminating sales. It remains unclear why this plan was altered without notice.
This change in the token sale has not been addressed in the World Liberty governance forum, which has been inactive for 25 days.
Sun’s purchase has made him the largest holder of WLFI tokens, with the next largest holder having significantly fewer tokens. However, former President Donald Trump controls approximately ten times more tokens than Sun.
Data from a Dune dashboard indicates that 68% of WLFI tokens sold so far have been distributed to just five wallets. Even when combined, these wallets hold fewer tokens than Trump does.
In a related development, Sun-advised HTX recently redeemed about $500 million worth of Wrapped Bitcoin (WBTC), a move that was unexpected as HTX had not previously disclosed its control over WBTC.
While Protos reached out to World Liberty Financial for clarification on the change in the token sale, there has been no response at the time of press.
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