- Justin Solar’s pockets was blacklisted after a $9M WLFI switch, elevating questions on market affect.
- Solar holds almost $900M in WLFI, making him the biggest outdoors investor in Trump’s crypto enterprise.
- He denied promoting, calling the transfers “generic change checks,” however skepticism lingers.
Crypto billionaire Justin Solar has landed in scorching water once more — this time after his pockets was blacklisted following a switch of Trump-linked WLFI tokens price $9 million, in keeping with on-chain intelligence agency Arkham. The transfer, flagged on X (previously Twitter) on Sept. 4, is stirring loads of hypothesis round Solar’s function in World Liberty Monetary, the Trump-backed crypto challenge that simply hit open markets.
Solar’s Huge WLFI Stash
When WLFI debuted for public buying and selling on September 1, Solar reportedly unlocked 20% of his allocation — round $200 million price of tokens. In whole, Arkham notes he nonetheless holds a staggering $891.2 million in WLFI. Regardless of the sudden blacklist, Solar insisted he isn’t cashing out anytime quickly, even doubling down that he has “no plans to promote.”
Solar was among the many earliest backers of WLFI, throwing in $75 million again in late 2024. That early wager gave him one of many largest outdoors stakes in a challenge already carrying political weight because of the Trump household’s heavy involvement.
Solar Pushes Again
Responding on X, Solar disregarded the blacklist, saying his deal with solely made a “few generic change deposit checks” involving tiny quantities, adopted by regular deal with dispersals. “No shopping for or promoting,” he careworn, including it was inconceivable for his actions to have any actual impact on WLFI’s market.
Skeptics aren’t satisfied. With WLFI’s opening week already marked by wild volatility and liquidations, Solar’s $9 million shuffle appeared to some like greater than an informal “check.”
Trump Connections Run Deep
This isn’t Solar’s first hyperlink to Trump-world tokens. Earlier this yr he dropped over $40 million on the TRUMP meme coin, and even confirmed up because the wealthiest visitor at a personal dinner gala hosted by Donald Trump in Could for high TRUMP holders.
In photographs from Token2049 in Dubai, Solar was seen on stage alongside Trump Org VP Eric Trump and WLFI co-founder Zach Witkoff, cementing his place as one of many highest-profile faces hooked up to the enterprise.
The Authorized Backdrop
Solar isn’t any stranger to scrutiny. In February 2025, he and the SEC collectively requested for a keep in a long-running securities violations case initially filed in March 2023. For now, his workforce hasn’t issued additional touch upon the WLFI freeze — although TheStreet notes they’ve reached out and are nonetheless ready for a response.
With Solar’s pockets blacklisted and almost $900 million in WLFI hanging in limbo, the large query is whether or not it is a minor operational drama or the primary signal of deeper cracks in one among crypto’s most politically charged experiments.
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