Key Highlights
- World Liberty Financial has blacklisted Justin Sun’s blockchain address, which holds 595 million grounded WLFI tokens.
- This decision came after several outbound transactions from Sun’s address, including one valued at $9 million, which Sun claims did not influence market activities.
- WLFI has dropped 20% in the last day and 42% since its trading launch on September 1.
Article Details
World Liberty Financial (WLFI), linked with Donald Trump and his family, has significantly restricted Tron founder Justin Sun from transferring WLFI tokens. The action targets approximately $107 million’s worth of tokens, as reported by Arkham data.
Sun pointed out that the transactions from his address amounted only to standard exchange deposit tests and posed no threat to market behavior.
Representatives from both Sun and World Liberty Financial have yet to provide statements in response. Meanwhile, WLFI has continued to decline 20% over the last 24 hours, reflecting ongoing volatility since its market entry.
Justin Sun’s Role in WLFI
Justin Sun is a pivotal supporter of World Liberty Financial, having entered a $30 million investment in late 2024. His investment surged to nearly $700 million in tokens as he continued to build ties to the Tron ecosystem. Recently, Sun affirmed there are no immediate plans to liquidate his unlocked tokens.
