Justin Solar is an adviser to World Liberty Monetary, a cryptocurrency venture co-founded by President Donald Trump; nonetheless, his WLFI tokens have been dropping worth for the reason that venture determined to blacklist them.
In September of final 12 months, the World Liberty workforce blacklisted 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, a Solar-affiliated handle that was labeled as “TRON DAO” on Etherscan.
World Liberty claimed it was blacklisting one handle, believed to be Solar’s, as a result of it was “suspected of misappropriation of other holders’ funds.”
Solar, on the time, took to X to say that his “address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved” and referred to as on World Liberty to “unlock my tokens.”
In complete, Solar had roughly 544 million tokens frozen by this motion.
On the time, the WLFI token was buying and selling for $0.22 per token, making Solar’s stake value roughly $119 million.
Now, the WLFI token trades for about $0.09, a fall of roughly 59%.
Solar’s blacklisted stake is at present value roughly $49 million, a lack of $70 million.
Even if World Liberty has frozen tens of millions of {dollars}’ value of Solar’s wealth, it hasn’t soured his general relationship with the higher Trump cryptocurrency ecosystem.
The $TRUMP memecoin workforce just lately posted a picture that confirmed that Solar was nonetheless on the prime of the leaderboard for the upcoming memecoin convention that Trump is planning on internet hosting/attending/endorsing/cashing in on.
That is although these tokens aren’t held in a private account of Solar’s however in an HTX trade handle.
