Justin Sun Purchases World Liberty Financial (WLFI) Token, Becoming Its Largest Investor

The much beleaguered cryptocurrency token World Liberty Financial (WLFI), which regularly lies about its token and also was endorsed by financial fraudster

Justin Sun has announced that he has purchased a large quantity of World Liberty Financial (WLFI) tokens, making him the largest purchaser of the token.

In a X (formerly Twitter) post on Nov. 25, Sun stated that he is now the biggest holder of the token, with his purchase exceeding $30 million. The 2 billion WLFI tokens he purchased were sent to 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, an address that was funded earlier today from Sun-advised HTX.

Sun's purchase comes despite the fact that the World Liberty Financial team had previously indicated in SEC filings that it only intended to sell $30 million worth of the token. “The company currently only plans to sell tokens up to $30M in the offering before terminating sales,” the filing stated.

However, this change to the sale has not been discussed in the World Liberty governance forum, which last saw activity 25 days ago.

This purchase makes Sun the largest purchaser of this token, with the next closest holding less than one tenth as much as he has. Sun controls the majority of all purchased tokens.

However, Trump himself controls approximately ten times as many tokens as Sun.

A Dune dashboard created by ‘Seoulcalibur.eth’ suggests that approximately 68% of the total sales of the WLFI token have gone to just five wallets, but even all five of those wallets together have less than 15% as many tokens as Trump.

Sun's purchase of this token also comes right on the heels of Sun-advised HTX redeeming approximately $500m worth of Wrapped Bitcoin (WBTC). This transaction was unusual because HTX did not previously disclose that it controlled WBTC.

Protos reached out to World Liberty Financial to determine why it decided to modify its planned token sale for Sun, but at press we have not received a response.