World Liberty Financial Suspends Justin Sun's Whale Account After WLFI Price Crash

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World Liberty Financial – a rapidly growing DeFi project backed by former President Donald Trump – has just made a strong move by blacklisting the account of Tron founder (TRX), Justin Sun. According to on-chain data, Justin Sun executed a transaction worth 9 million USD WLFI just before the project recorded a significant price crash. In response, the WLFI development team decided to freeze Sun's entire massive asset block: 540 million USD WLFI not locked, 2.4 billion USD WLFI currently locked. This move was explained by WLFI that Sun and the related exchanges may have manipulated price behavior, intentionally pushing WLFI down to accumulate more. Justin Sun "Betrays" Long-Term Commitment? Previously, Sun publicly committed to holding WLFI for the long term and supporting the USD1 stablecoin – the stablecoin linked to the ecosystem of World Liberty Financial. However, after the aforementioned 9 million USD transfer, his actions have raised many questions within the community. As of now, Justin Sun has not made any official comments regarding the freezing of his WLFI assets worth billions of USD. WLFI Rises After Hawkish Moves Immediately after the announcement of Sun being blacklisted, the price of WLFI has slightly increased: From the bottom range around 0.167 USD to the level of 0.18 USD during the mid-session trading on Thursday in North America. Despite this, the overall situation of WLFI is still concerning. In recent days, this altcoin has lost more than 40% of its value, raising concerns about a "capitulation" similar to the case of the meme coin Official Trump TRUMP earlier. Risk Warning and Whale Money Flow Analyst Ali Martinez warns that WLFI has lost a key support level around 0.20 USD, while stating that there is a high possibility the price will continue to drop to 0.10 USD if selling pressure is not controlled.

Meanwhile, ALT5 Sigma – a crypto investment company – announced that they are holding 7.28 billion WLFI, valued at approximately 1.31 billion USD. This indicates that despite the market's severe volatility, WLFI continues to attract the interest of major investment organizations. Conclusion The case of World Liberty Financial freezing Justin Sun's assets marks a major turning point in the confrontation between project developers and "whales" capable of manipulating the market. Although the price of WLFI shows signs of short-term recovery, the long-term trend still carries many risks. Investors need to be particularly cautious before participating, especially when the project is still in a period of strong volatility and tied to political factors.

WLFI-0.54%
SUN1.54%
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AccurateAndDecisiveWealthvip
· 09-05 02:32
Sun has failed!
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