World Liberty Financial ($WLFI) has filed a defamation lawsuit against Justin Sun, founder of TRON (TRX), a decentralized financial protocol affiliated with the Trump family.
According to an announcement published in X on May 4th, $WLFI accuses cryptocurrency entrepreneurs of orchestrating a “coordinated media smear campaign” that has affected the reputation of the entire industry.
“This is a question about the integrity of decentralized finance. When a major investor tries to tarnish the reputation of a project, it threatens the trust of all holders. We cannot tolerate that.” $WLFI I wrote.
Today, we are filing a lawsuit against Justin Sun for defamation. Mr. Sun began a systematic media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth.
Here’s the story 🧵
— $WLFI (@worldlibertyfi) May 4, 2026
The legal clash follows a lawsuit Sun itself filed in California federal court last August, alleging that the Trump-linked project had unfairly frozen the project. $WLFI They were stripped of their ownership rights and stripped of their right to govern.
Trump-related virtual currency, trading volume sharply increases
Given the high profile of this controversy, there has been a noticeable increase in daily trading volumes for many digital assets associated with the Trump family.
of $WLFI According to the latest information, the token itself is up nearly 10% on the daily chart and is trading at $0.06232 at the time of writing, with its 24-hour trading volume increasing by over 43%. coin market cap data.
Due to the buzz surrounding the lawsuit, $WLFI has managed to recover from last week’s sharp decline, when the token hit an all-time low amid a backlash over the alleged sale of 5.9 billion undisclosed tokens to retail investors.
Similarly, two meme coins related to the President and the First Lady, namely OFFICIAL $Trump ($Trump) and the official Melania meme ($Melania), trading volumes increased by 15% and 110%, respectively.
$Trump At one point it reached $2.3687, but $Melania The intraday high was $0.1049. However, the initial hype was not strong enough to sustain long-term gains, and both companies are back in the red at 1% at the time of writing.
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