Обвал цен на WLFI: Джастин Сан сталкивается с критикой из-за связи с Трампом The Collapse of WLFI Prices: Justin Sun Faces Criticism Over Ties to Trump

Charles Hoskinson criticized the U.S. President’s approach to digital assets

Justin Sun, the founder of Tron, remains on the blacklist of the DeFi project World Liberty Financial. Analysts from Bubblemaps noted that since September, the value of his frozen WLFI tokens has decreased by $60 million.

The platform blacklisted the entrepreneur’s address after he transferred 50 million WLFI (approximately $9 million at that time) to the HTX exchange. He explained that he was conducting «routine deposit tests» with small amounts and had no intention of selling the tokens.

Sun’s «punishment» came as a surprise, considering his active support for the platform associated with former U.S. President Donald Trump and other projects. The Tron founder pledged to purchase the meme coin TRUMP for $100 million and invested $75 million in WLFI, making him the largest holder of the token.

He also attended a dinner hosted by Trump, where the president presented him with a personalized watch.

«I 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 and community to build a strong and healthy ecosystem for WLF. However, during operations, my tokens were unjustly frozen,» Sun wrote in the autumn.

Trading for WLFI began on September 1. Since then, its price has dropped by more than 40%. At its peak, the price was $0.24 with a market capitalization of $6.6 billion. At the time of writing, these figures stand at $0.13 and $3.6 billion.

In an interview with Decrypt, Cardano founder Charles Hoskinson criticized Trump’s stance on digital assets, describing the president’s initiatives as «disappointing.»

Hoskinson believes that the politician jeopardized the integrity of the entire industry in the United States. A pivotal moment for the market was meant to be the passage of the Clarity Act. However, the launch of Trump’s meme coin adversely affected public perception of cryptocurrencies.

«When the ‘Trump coin’ emerged, everything shifted from ‘cryptocurrency being apolitical’ to the formula ‘cryptocurrency = Trump = bad = corruption’,» Hoskinson stated.

This initiative has politically «tied the hands» of the Democrats. Supporting the Clarity Act is now perceived as indirectly encouraging the president. Consequently, what could have been a potential bipartisan compromise has transformed into a bargaining chip and a sort of weapon for the upcoming midterm elections.

According to the Cardano founder, other industry representatives share similar views but fear to speak out.

«We were warned: ‘Keep your mouth shut. Any word you say could close all doors for you. You will lose the opportunity to meet with the president, and you’ll be sidelined from the legislative process and any other meaningful work.’ This was an unspoken but widely accepted rule,» he explained.

Hoskinson emphasized that Trump’s involvement blurred the line between politics and personal interest, weakening the market’s position in Washington at a critical moment—when lawmakers were seriously discussing digital asset regulation.

«[Trump] simply triggered a massive market disruption and will likely face legal consequences when the Democrats return to power. […] As a private individual, he has every right to do such things, but he must understand that he is inseparable from the perception of his decisions,» he said.

It’s worth noting that the founder of Cardano expressed negative views about Trump’s impact on the crypto market as early as November, stating that the Trump administration was «somewhat useless» for the industry.