{"id":47199,"date":"2025-09-05T08:53:45","date_gmt":"2025-09-05T01:53:45","guid":{"rendered":"https:\/\/hbbgroup.net\/justin-suns-wlfi-wallet-blacklisted-after-9m-token-transfer\/"},"modified":"2025-09-05T08:53:45","modified_gmt":"2025-09-05T01:53:45","slug":"justin-suns-wlfi-wallet-blacklisted-after-9m-token-transfer","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/justin-suns-wlfi-wallet-blacklisted-after-9m-token-transfer\/","title":{"rendered":"Justin Sun\u2019s WLFI wallet blacklisted after $9M token transfer"},"content":{"rendered":"
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Justin Sun\u2019s WLFI token address was blacklisted after a $9 million transfer on Thursday, raising concerns over trading restrictions as prices tumble. <\/p>\n

\"Justin<\/picture><\/div>\n
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Tron founder Justin Sun\u2019s World Liberty Financial (WLFI) token address was blacklisted on Thursday after transferring 50 million WLFI tokens to crypto exchange HTX. <\/p>\n

Onchain data from Nansen and Arkham shows the address was flagged shortly after a $9 million transaction. The blacklisting fueled speculation that WLFI was restricting certain users from selling tokens and pressuring prices during the first week of public trading.<\/p>\n

On Thursday, Sun responded<\/a> to speculation in an X thread, saying in a translated post that his address had only carried out a few routine exchange deposit tests with very small amounts of WLFI tokens before creating address dispersion. <\/p>\n

He emphasized that the activity did not involve any buying or selling and \u201ccould not possibly have any impact on the market.\u201d<\/p>\n

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Source: <\/em>Nansen<\/em><\/a><\/figcaption><\/figure>\n

The restriction followed Sun\u2019s earlier statement that he \u201cwill not be selling soon,\u201d which suggested his continued commitment to the project.<\/p>\n

\u201cWe have no plans to sell our unlocked tokens anytime soon,\u201d Sun, who was an early presale participant in the WLFI token, said at the time. \u201cThe long-term vision here is too powerful, and I\u2019m fully aligned with the mission.\u201d<\/p>\n

Source: <\/em>World Liberty Financial<\/em><\/a><\/figcaption><\/figure>\n

A spokesperson for Justin Sun responded to Cointelegraph\u2019s inquiry on the matter, stating: \u201cJustin and the WLFI team are in active communication about this matter.\u201d<\/p>\n

WLFI, a decentralized finance project backed by US President Donald Trump, officially launched trading on Monday. After briefly surging to a high of about $0.32, the token has since fallen sharply. By Thursday, it was down 22%, trading below $0.18, according to CoinMarketCap<\/a>.<\/p>\n

Related: <\/strong><\/em>What\u2019s the real WLFI? How to avoid the scammers<\/strong><\/em><\/a><\/p>\n

World Liberty moves to shore up prices<\/h2>\n

The falling value of WLFI has emerged as a key concern for World Liberty Financial, which is exploring measures to restrict supply and support prices.<\/p>\n

On Wednesday, the project burned 47 million tokens<\/a>, according to onchain data. The move was intended to reduce circulating supply and, in theory, increase the value of remaining tokens.<\/p>\n

Despite the burn, WLFI\u2019s total supply remains at roughly 99.95 billion.<\/p>\n

World Liberty has also floated a buyback program<\/a> funded by protocol fees, with all repurchased tokens to be burned to further limit supply.<\/p>\n

In the meantime, sharp price swings and mounting losses have eroded investor confidence. According to CoinMarketCap<\/a>, WLFI ranks among the ten most bearish tokens by sentiment.<\/p>\n

Related: <\/strong><\/em>Whales lose millions on Trump-linked WLFI\u2019s 40% dip, despite 47M burn<\/strong><\/em><\/a><\/p>\n