World Liberty blacklists Justin Sun’s address, freezing $3B in WLFI tokens
Key Takeaways
- World Liberty Financial blacklisted an address tied to Justin Sun, freezing 540M unlocked and 2.4B locked WLFI tokens.
- The move followed transfers of 60M WLFI worth $9M to exchanges, sparking concerns over token selling.
World Liberty Financial (WLFI) has blacklisted an address linked to Justin Sun, freezing about 540 million unlocked tokens and 2.4 billion locked, according to Zoomer News post on X .
The move was likely triggered by transfers of 60 million WLFI tokens, worth roughly $9 million at the time, sent to exchanges, according to on-chain analytics platform Arkham.
The WLFI governance token, launched September 1 with Donald Trump’s endorsement, unlocked 20% of its 100 billion supply at its TGE. Justin Sun, founder of Tron, claimed 600 million WLFI worth about $200 million at launch, accounting for 3% of the unlocked pool and making him one of the project’s largest stakeholders.
In response to concerns that his tokens were being sold, Sun denied involvement, stating his address only conducted “a few small deposit tests” and splitting, with “no buying or selling involved” and no market impact. Despite those assurances, World Liberty invoked its blacklist function, freezing Sun’s WLFI holdings, according to on-chain data .
Sun publicly committed on launch day to holding his WLFI. He said Monday he has “no plans to sell our unlocked tokens anytime soon,” citing the project’s “long-term vision” and alignment with its mission.
WLFI traded at $0.18, down 17% on the day and more than 40% below its $0.30 launch price, according to CoinGecko data .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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