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Wlfi token crashed 50% after world liberty financial blacklisted justin sun's wallet containing billions of tokens following suspicious transfers. Justin sun accuses world liberty financial of freezing his wlfi tokens, raising concerns over fairness, trust and investor rights. As a result, sun’s wlfi trove, consisting of $540 million in unlocked and $2.4 billion in locked assets, was frozen.
Sun is calling for the unlocking of his wlfi tokens, which were frozen after blockchain intelligence platforms flagged $9m of suspicious wlfi transfers to the htx exchange. The token price has dropped to nearly $0.18 from the ath of $0.46, as more than 29% of holders have already sold their allocations after the unlock. Wlfi token’s price fell by 50% after world liberty financial blacklisted justin sun’s wallet, freezing billions in tokens
Blockchain data revealed large transfers from sun’s accounts to exchanges before the freeze, fueling accusations of insider selling
Community concerns have surged over centralization, transparency, and governance as regulatory scrutiny. Justin sun has claimed that his wlfi tokens were unreasonably frozen and has urged the wlfi project team to unlock them
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