On-chain data shows that the DeFi project World Liberty Financial (WLFI), supported by Trump, blacklisted the wallet address of the Tron founder on September 4. This move sparked heated discussions in the market, as the founder has been one of the biggest supporters of WLFI, and the incident occurred shortly after he transferred approximately 9 million dollars' worth of WLFI tokens.
Blacklist Decision Triggers Market Turmoil
According to on-chain tracking by Arkham Intelligence, the founder of Tron transferred approximately 9 million USD worth of WLFI Token on September 4th, shortly after which World Liberty Financial blacklisted its Wallet.
Hours before the incident, the price of WLFI had begun to decline, plunging as much as 24% that day. As of the time of publication, WLFI was quoted at approximately $0.18, down more than 40% from its initial trading price of $0.32, with a market capitalization of about $5 billion.
Tron founder responds: only for exchange testing
In response to speculation from the outside world, the founder of Tron stated on social media that the address was only used for "small exchange deposit testing," and due to the testing, the address was dispersed, without involving any buying or selling activities, and could not have any impact on the market.
Currently, World Liberty Financial has not publicly explained the specific reasons for being blacklisted.
Long-term Supporter Relationship Changes
The founder of Tron has always been an important supporter of WLFI and Trump-related meme coins:
Serve as an advisor for World Liberty
Purchase of WLFI tokens worth 75 million USD
Committed to purchasing $100 million worth of Trump meme coin TRUMP
In January of this year, World Liberty also purchased millions of dollars worth of Tron (TRX) Tokens, and the relationship between the two parties was once close.
WLFI Background and Market Performance
World Liberty Financial is a DeFi project inspired by U.S. President Trump, with all three of his sons listed as co-founders.
WLFI made its debut on the cryptocurrency exchange this week, opening at a price of 0.32 USD, but subsequently continued to decline, hitting a low of 0.21 USD, and fell to 0.18 USD after the blacklisting incident.
Conclusion
The incident of the Tron founder being blacklisted has drawn external attention to the subtle relationship between World Liberty Financial and its core supporters. Since the authorities have not provided a clear explanation, the market is still filled with speculation about the reasons behind this move. As the price of WLFI becomes more volatile, this controversy may continue to affect market confidence in the project.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tron founder blacklisted by World Liberty after transferring 9 million USD WLFI
On-chain data shows that the DeFi project World Liberty Financial (WLFI), supported by Trump, blacklisted the wallet address of the Tron founder on September 4. This move sparked heated discussions in the market, as the founder has been one of the biggest supporters of WLFI, and the incident occurred shortly after he transferred approximately 9 million dollars' worth of WLFI tokens.
Blacklist Decision Triggers Market Turmoil
According to on-chain tracking by Arkham Intelligence, the founder of Tron transferred approximately 9 million USD worth of WLFI Token on September 4th, shortly after which World Liberty Financial blacklisted its Wallet.
Hours before the incident, the price of WLFI had begun to decline, plunging as much as 24% that day. As of the time of publication, WLFI was quoted at approximately $0.18, down more than 40% from its initial trading price of $0.32, with a market capitalization of about $5 billion.
Tron founder responds: only for exchange testing
In response to speculation from the outside world, the founder of Tron stated on social media that the address was only used for "small exchange deposit testing," and due to the testing, the address was dispersed, without involving any buying or selling activities, and could not have any impact on the market.
Currently, World Liberty Financial has not publicly explained the specific reasons for being blacklisted.
Long-term Supporter Relationship Changes
The founder of Tron has always been an important supporter of WLFI and Trump-related meme coins:
Serve as an advisor for World Liberty
Purchase of WLFI tokens worth 75 million USD
Committed to purchasing $100 million worth of Trump meme coin TRUMP
In January of this year, World Liberty also purchased millions of dollars worth of Tron (TRX) Tokens, and the relationship between the two parties was once close.
WLFI Background and Market Performance
World Liberty Financial is a DeFi project inspired by U.S. President Trump, with all three of his sons listed as co-founders.
WLFI made its debut on the cryptocurrency exchange this week, opening at a price of 0.32 USD, but subsequently continued to decline, hitting a low of 0.21 USD, and fell to 0.18 USD after the blacklisting incident.
Conclusion
The incident of the Tron founder being blacklisted has drawn external attention to the subtle relationship between World Liberty Financial and its core supporters. Since the authorities have not provided a clear explanation, the market is still filled with speculation about the reasons behind this move. As the price of WLFI becomes more volatile, this controversy may continue to affect market confidence in the project.