World Liberty Financial (WLFI), which is affiliated with the Trump family, has filed a lawsuit against TRON.The value of TRX) founder Justin Sun.
According to to announce posted on X on May 4, WLFI accuses the crypto entrepreneur of preparing a “media communication plan” that affects the history of the entire sector.
“This has to do with the integrity of the funds that are shared in many groups. When a big investor tries to destroy the reputation of the project, it undermines everyone’s trust. We cannot allow that,” WLFI he wrote.
The dispute follows an earlier lawsuit filed by Sun himself last August in federal court in California, where he claimed that a project linked to Trump unfairly interfered with his WLFI property and deprived him of his right to control.
Given the nature of the controversy, a number of digital assets associated with the Trump family were prominently featured in the daily ad campaign.
The WLFI token alone has risen by almost 10% on the daily chart, trading at $0.06232 at the time of writing, while its 24-hour trading volume has increased by more than 43%, according to the latest data. CoinMarketCap price data.
Thanks to the noise surrounding the case, WLFI has been able to bounce back from a sharp trade last week that saw the token hit all-time lows amid frustration over the undisclosed sale of 5.9 billion tokens to investors.
Similarly, the two meme currencies associated with the president and the first lady, which are OFFICIAL TRUMP (TRUMP) and Official Melania Meme (MELANIA), saw their sales increase by 15% and 110%, respectively.
TRUMP briefly hit $2.3687, while MELANIA had a day high of $0.1049. All of them are, however, 1% in the red again at the time of writing, since the first hype died it was not strong enough to maintain a long rally.
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