Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack
Tron founder Justin Sun filed a 52-page fraud lawsuit towards World Liberty Financial (WLFI) this week. Eric Trump rapidly fired again.
The grievance lists seven causes of motion, together with fraud within the inducement, conversion, and unjust enrichment. Sun invested $45 million within the Trump family-backed venture.
Trump and Witkoff Reject Sun’s Claims
Eric Trump took intention at Sun’s notorious $6.2 million banana paintings buy, calling it extra ridiculous than the lawsuit itself.
“The solely factor extra ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall. We are extremely happy with the @worldlibertyfi group…,” President Donald Trump’s son commented.
Justin Sun bought the viral artwork piece Comedian, a banana duct-taped to a wall, for $6.2 million at Sotheby’s in November 2024.
Zach Witkoff, WLFI co-founder, referred to as the lawsuit a “determined try and deflect consideration from Sun’s personal misconduct.” He mentioned the venture expects the case to be thrown out promptly.
WLFI allegedly froze 595 million of Sun’s unlocked tokens in September 2025. A sensible contract replace had launched a blacklist function.
His frozen place reportedly misplaced greater than half its worth because the token declined.
Banana Gun (BANANA) worth is up by virtually 6% on the information, to commerce for $4.01 as of this writing.
Critics Draw Parallels to Past Failures
Bitcoin advocate Simon Dixon in contrast WLFI to collapsed platforms like Celsius Network and FTX. He alleged the venture makes use of its illiquid token to mint its personal stablecoin. Dixon claimed insiders then earn yield from US Treasury debt.
“So World Liberty Financial allegedly makes use of its illiquid token WLFI (like CEL did with Celsius and FTT did with FTX) to mint its personal stablecoin, permitting it to purchase U.S. Treasuries and earn hundreds of thousands in yield from U.S. authorities debt, whereas the co-founder’s father (Witkoff) negotiates a nuclear deal within the battle that his co-founder’s father (President Trump) began after tearing up the final Iran deal. The Trump and Witkoff households are utilizing a token to earn yield on the debt the U.S. authorities is incurring from the Iran battle. Let that sink in. Follow the cash,” wrote Dixon.
A viral thread from self-described Web3 ambassador Peter Girnuz detailed alleged insider allocations and governance manipulation. Witkoff denied any affiliation with Girnuz.
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WLFI trades close to $0.079 on the time of writing, down roughly 74% from earlier highs and virtually 1% within the final 24 hours.
The submit Eric Trump Sparks 5% Meme Coin Surge With Fresh Justin Sun Attack appeared first on BeInCrypto.
