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TRON founder Justin Sun cried foul after the Trump family-linked World Liberty Financial blacklisted his wallet following a $9 million WLFI token transfer to crypto exchange HTX.
Sun called the freeze “unreasonable” and said the transfer was merely a routine test, not a market-moving sale.
The transfer saw Sun’s wallet move 50 million tokens, and was flagged shortly after the transfer occurred, according to on-chain data from Arkham Intelligence.
JUST IN: JUSTIN SUN’S ADDRESS BLACKLISTED FOR TRANSFERRING $9M $WLFI pic.twitter.com/O25281D7mi
— Arkham (@arkham) September 4, 2025
The reason for the blacklisting remains unclear, but the move has fueled speculation that World Liberty Financial is trying to prevent early sellers from dumping their tokens and subsequently pressuring prices during the crypto’s first week of trading.
Sun Responds To WLFI Blacklisting
Sun, who is one of WLFI’s key investors, took to X to respond to the blacklisting.
“Our address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion,” he wrote. “No buying or selling was involved, so it could not possibly have any impact on the market.”
That’s after he shared how “excited” he is about WLFI at the start of the week.
”I truly believe this will be one of the biggest and most important projects in crypto,” he said on Sept. 1, adding that he has no plans to sell because the project’s “long-term vision” is “too powerful.”
He even went as far as to say that WLFI is building “the future of finance.”
Sun and his team are now in active communication with the WLFI team and Sun called on the WLFI team to unlock his tokens.
To the World Liberty Financials team and the global community,
As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team…
— H.E. Justin Sun 👨🚀 (Astronaut Version) (@justinsuntron) September 5, 2025
“As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project,” he said, adding that his goal “has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem.”
“Tokens are sacred and inviolable—this should be the most basic value of any blockchain,” he added. “It’s also what makes us stronger and more fair than traditional finance.”
“I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials,” he said.
Sun concluded his X post by saying that freezing investors’ assets violates their rights and could damage the “broader confidence” in the project.
WLFI Price Tumbles After Launch
WLFI made its public market debut on a number of leading crypto exchanges, including Binance, OKX, KuCoin at the start of the week.
That’s after the project’s community voted to make the then governance token tradable earlier this year. To mitigate the risk of extreme selling pressure on debut, World Liberty Financial decided to only unlock 20% of the supply.
Sun was among the early investors that received unlocked tokens.
While the token surged to a high of $0.32 on debut, its price has since plummeted.
Selling pressure has seen the crypto’s price fall more than 17% since it entered the public arena. This drop continued in the last 24 hours, bringing WLFI’s price down to $0.1886 as of 1:28 a.m. EST, according to CoinMarketCap data.
WLFI price chart (Source: CoinMarketCap)
To address the falling price, World Liberty Financial has already burned 47 million WLFI tokens and has also proposed a buy back plan to support its price.
One whale, who is known in the market as “Machi Big Brother,” seems to have identified the drop in price as an opportunity to buy the dip.
In the last couple of hours, the investor opened a 10.5 million WLFI long position when the crypto was trading at $0.18215, and is sitting on an unrealized profit of $49,299.06, data from Hypurrscan shows.
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