Eric Trump stated Justin Solar’s lawsuit in opposition to World Liberty Monetary is “ridiculous,” however not as ridiculous because the $6 million the TRON founder as soon as spent on Maurizio Cattelan’s banana duct-taped to a wall.
The one factor extra ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall. We’re extremely happy with the @worldlibertyfi group… https://t.co/ahfBKvCdwN
— Eric Trump (@EricTrump) April 22, 2026
The Trump son, who co-founded the DeFi mission that’s dealing with backlash over its governance and a controversial $75 million mortgage, mocked Solar and his iconic transfer after the entrepreneur stated he had filed a federal lawsuit in opposition to the agency.
The swimsuit alleges that World Liberty wrongfully froze his $WLFI tokens and stripped him of governance rights by an opaque blacklist mechanism that he says undermines decentralization and transparency.
The 2 had been publicly shut. Trump beforehand referred to as Solar “an awesome buddy” and stated he was TRON’s “greatest fan.”
In a press release responding to Solar’s authorized motion, Zach Witkoff, co‑founder and CEO of World Liberty, stated he expects the lawsuit to be thrown out.
Witkoff described the case as a meritless try to deflect from alleged misconduct and reaffirmed that the agency’s actions had been taken to guard customers.
Justin Solar’s latest lawsuit in opposition to @worldlibertyfi is a determined try to deflect consideration from Solar’s personal misconduct. His claims are fully meritless, and World Liberty seems to be ahead to getting the case thrown out promptly.
He engaged in misconduct that required World…
— Zach Witkoff (@ZachWitkoff) April 22, 2026
Token focus and household earnings
Knowledge reveals simply 10 wallets management roughly 76% of $WLFI’s voting energy. The Trump household holds an estimated 22.5 billion $WLFI tokens and reportedly controls about 60% possession of the enterprise.
By December 2025, the household had reportedly earned $1 billion from the mission.
Solar was $WLFI’s largest outdoors investor, placing $75 million into the mission. The difficulty began in September 2025, when the $WLFI group blacklisted his pockets and froze roughly 540 million unlocked tokens.
The acknowledged purpose was that on-chain transfers of round $9 million in $WLFI to exchanges appeared like early promoting. Solar maintained the transfers had been minor take a look at transactions.
The governance proposal
On April 15, 2026, World Liberty printed a governance proposal affecting over 62 billion tokens. Below the proposal, holders who don’t “affirmatively settle for” the brand new phrases, together with necessary burns of 10% of advisor tokens, would have their holdings locked indefinitely.
Early purchaser tokens would face a two-year cliff adopted by two years of vesting. Holders who don’t decide in would have their tokens frozen in perpetuity. Solar, whose tokens had been already frozen, couldn’t even vote on it.
$WLFI hit $0.46 in September 2025, across the time Solar’s pockets was first blacklisted. By April 2026, it had fallen to an all-time low close to $0.076, a decline of greater than 83%.
The token modified palms at $0.08 at press time, per CoinGecko.
The blacklist operate
Solar’s authorized submitting additionally factors to what he calls a hid blacklist operate embedded in $WLFI’s sensible contracts. This mechanism allegedly permits the mission group to freeze or limit any token holder’s property with out notifying the holder.
The TRON founder stated that undermines the mission’s claims of decentralization, transparency, and truthful governance, and violates the core ideas of consumer management in DeFi programs.
Solar, whose internet price is estimated at $10.9 billion by Bloomberg Billionaires Index, stated he tried in good religion to resolve the scenario with out litigation.
