NewsBTC
Sep 5, 2025
13 1

World Liberty Financial Blacklists Justin Sun After Token Transfer Controversy

1 min

World Liberty Financial has blacklisted an address linked to Justin Sun amid allegations of market manipulation following his WLFI token transactions.

Key Events

  • Justin Sun's address was blacklisted after transferring WLFI tokens, raising concerns about selling activity.
  • Sun held 600 million WLFI tokens valued at $200 million during the Token Generation Event.
  • He moved 4.9 million WLFI to HTX and transferred 50 million tokens worth $9.12 million to a new wallet.
  • Blacklisting froze Sun’s unlocked and 2.4 billion locked WLFI tokens.
  • In response, Sun claimed his actions were test deposits and did not influence the market.

WLFI Price Movement

  • WLFI hit an all-time low of $0.16 before recovering to $0.18, marking a 20% decline in 24 hours.
  • The token has dropped nearly 45% from its all-time high of $0.33.
  • Analysts indicate potential further declines of 25%-50% after losing key support at $0.20.