Tron's founder Justin Sun has announced the unlocking of his WLFI tokens, having accessed 20% of the initial investment worth around $178 million.
Overview of Token Unlocking
Justin Sun claimed to have unlocked 20% of his investment in WLFI tokens, which is about $178 million. Currently, his total holdings in WLFI are valued at approximately $891.2 million, which he intends to hold for the long term.
Support for WLFI Project and USD1 Stablecoin
Following the strategic launch of WLFI trading on several crypto exchanges, Sun stated that the Tron network aims to collaborate for mutual benefits in the long run. He noted the growth of USD1 beyond $50 million as a key milestone for both entities. Additionally, a recent issuance of $25 million in USD1 has set a pace to reach a short-term target of 200 million mints on the Tron chain.
Overall Perspective for the Tron Network
The Tron network has significantly benefited from its strategic investments in the Trump-backed WLFI project. Recently, it gained regulatory clarity in the United States and was selected by the Department of Commerce (DoC) for onboarding the country’s macroeconomic data on blockchain technology.
Justin Sun's initiatives with WLFI tokens illustrate Tron's active role in the evolving crypto space, where long-term actions and strategic partnerships contribute to ecosystem growth.
