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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
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
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