Eric Trump Criticizes Justin Sun’s Lawsuit Amid WLFI Decline
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World Liberty Financial (WLFI) is experiencing substantial difficulties, marked by a significant downturn in its token value. This decline comes in the wake of a lawsuit filed by one of its major investors, raising alarms regarding the project’s future viability.
On Thursday morning, WLFI’s token fell to $0.0761, a decline of approximately 3% within just 24 hours, according to data from CoinGecko. The token had previously hovered between $0.0887 and $0.1355 since a market correction in early February, but faced a breakdown at the beginning of April.
The cryptocurrency has endured sharp corrections of 16.5% over the past week and 26% over the month, largely attributed to ongoing disputes and the recent legal challenges posed by Justin Sun, the founder of Tron and the largest holder of WLFI tokens.
Sun’s lawsuit, filed on Tuesday, accuses the WLFI team of using a smart contract feature to freeze his tokens, stripping him of voting privileges and threatening to destroy his holdings without valid cause. He asserts that his total investment of $45 million for 3 billion tokens in 2024 and 2025 has been unjustly compromised.
In the complaint, Sun expressed concerns that WLFI might be teetering on the brink of collapse and questioned its ability to maintain reserves for its USD1 stablecoin. His relationship with the WLFI team reportedly deteriorated after he opted not to increase his investment, leading to the drastic measures taken against him.
Sun narrated that WLFI privately held him responsible for a 40% price plunge at launch in September 2025, which contributed to the decision to blacklist his address.
In reaction to the lawsuit, both Eric Trump and co-founder Zack Witkoff of World Liberty Financial publicly rejected Sun’s claims. Eric Trump referred to the lawsuit as absurd, even humorously comparing it to the notorious $6 million purchase of an artwork depicting a banana duct-taped to a wall by Sun last year.
Observers have noted the changing dynamic between Sun and the Trump family; Eric Trump previously praised Sun in June 2025, calling him a “great friend” and an influential figure in the crypto sector.
Zack Witkoff, whose father serves as a Trump envoy, characterized the lawsuit as a misguided effort by Sun to distract from his alleged missteps, stating that the accusations are baseless and that WLFI is eager to see the case dismissed. He emphasized that the organization will take all necessary actions to protect its interests and community.
At present, WLFI has plummeted over 75% from its all-time high of $0.33 recorded on September 1, 2025.
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