Justin & Vitalik Together To Invest 

$2 Billion

November 28, 2022

Justin Sun, founder of Tron, quote retweeted stating he and Vitalik, co-founder of Ethereum will

invest $ 2 billion.

Investment will be into

Wrapped Ethereum Foundation (WEF)

to recover all the funds.

Justin Sun responded to a Twitter user who informed that the


has announced to raise and fill their $2b hole.

On November 26, wETH insolvency joke started to spread with false rumours alleging that

WETH is insolvent

and isn’t backed 1:1 by Ether (ETH).

Some from the community took the “insolvency” joke as real. Later influencers explained it was just a


Richard Heart

tweeted about this joke stating, "there's a joke going around about #WETH "depending from #ETH".

According to Coinmarketcap, WETH is down 3.93% in the last 24 hours. At the press time WETH price is

$1,170.29 USD .