This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
World Liberty Financial’s native token WLFI surged 4% after the project froze Tron founder Justin Sun’s $104 million token holdings. The controversial move sparked accusations of market manipulation and investor rights violations while triggering significant market volatility.
- WLFI team froze 595.109 million tokens ($104M) from Justin Sun's wallet alleging price suppression through connected exchanges
- Token price increased 4% to $0.18754 adding $500M to market cap despite traders losing $17M in volatile swings
- Justin Sun defended transactions as 'exchange deposit tests' and condemned the freeze as violating blockchain's core principles
📎 Related coverage from: cryptoslate.com