The founder of TRON remains unable to access a substantial portion of his World Liberty Financial (WLFI) portfolio, with digital assets now valued at approximately $60 million still under restriction. According to Bubblemaps’ on-chain tracking, the wallet freeze has persisted for more than three months since the September blacklisting event, representing one of the crypto space’s more notable account lockouts.
What Triggered the Restriction
The restriction stemmed from a transaction involving $9 million worth of WLFI tokens that prompted an automatic blacklist response on the associated address. Justin Sun has publicly maintained his innocence throughout the incident, emphasizing his long-term commitment to the World Liberty Financial ecosystem. However, despite his statements and engagement with the project, the wallet remains locked from further token movements.
Market Context and Token Performance
World Liberty Financial has faced significant headwinds in the broader market, with the token experiencing a substantial decline exceeding 60% from its September valuations. Current market data shows WLFI trading at $0.17 per token with a marginal 24-hour gain of +0.29%, reflecting the project’s ongoing struggles.
The situation underscores the complexities of token management and governance within emerging financial protocols, particularly when high-profile figures become entangled in restriction mechanisms. The extended duration of Sun’s wallet freeze has kept the issue in focus as WLFI continues to navigate its challenging market environment.
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Justin Sun's $60 Million WLFI Holdings Hit by Extended Blacklist as Token Faces Ongoing Struggle
The founder of TRON remains unable to access a substantial portion of his World Liberty Financial (WLFI) portfolio, with digital assets now valued at approximately $60 million still under restriction. According to Bubblemaps’ on-chain tracking, the wallet freeze has persisted for more than three months since the September blacklisting event, representing one of the crypto space’s more notable account lockouts.
What Triggered the Restriction
The restriction stemmed from a transaction involving $9 million worth of WLFI tokens that prompted an automatic blacklist response on the associated address. Justin Sun has publicly maintained his innocence throughout the incident, emphasizing his long-term commitment to the World Liberty Financial ecosystem. However, despite his statements and engagement with the project, the wallet remains locked from further token movements.
Market Context and Token Performance
World Liberty Financial has faced significant headwinds in the broader market, with the token experiencing a substantial decline exceeding 60% from its September valuations. Current market data shows WLFI trading at $0.17 per token with a marginal 24-hour gain of +0.29%, reflecting the project’s ongoing struggles.
The situation underscores the complexities of token management and governance within emerging financial protocols, particularly when high-profile figures become entangled in restriction mechanisms. The extended duration of Sun’s wallet freeze has kept the issue in focus as WLFI continues to navigate its challenging market environment.