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Justin Sun Replies to WLFI Wallet Blacklist, Asks World Liberty to Unfreeze Tokens

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Tron founder Justin Sun has responded to the current blacklisting of his pockets, tied to Trump family-backed World Liberty Financial.

The WLFI mission froze 540 million unlocked WLFI tokens of its advisor, Justin Sun, impeding him from transferring WLFI tokens. The motion got here after a Sun-linked handle made a number of outbound WLFI token transactions on the Ethereum blockchain.

On Friday, Sun publicly known as for the unfreezing of his tokens, urging the workforce behind WLFI to respect inventor rights.

“I name on the workforce to respect these ideas, unlock my tokens, and let’s transfer ahead collectively towards the success of World Liberty Financials,” he wrote on X.

He stated that these “unreasonable freezes” violate the respectable rights of traders and danger damaging the mission’s confidence and status.

“I imagine {that a} actually nice monetary model have to be constructed on equity, transparency, and belief—not on unilateral actions that freeze investor property.”

Justin Sun Says Wallet Only Carried Out ‘Generic Exchange Deposit Tests’

Following the pockets freeze, Sun took to X to argue that his handle “solely carried out a couple of basic change deposit checks with very small quantities.” He added that no shopping for or promoting of property was concerned, which might bearly have an effect available on the market.

Additionally, within the newest put up, he defended, saying, “I’ve contributed not solely capital but additionally my belief and help for the way forward for this mission.”

“As one of many early traders, I joined along with everybody—we purchased in the identical method, and all of us deserve the identical rights,” he wrote.

Sun initially purchased $30 million worth of WLFI tokens and have become an advisor to World Liberty Financial in late 2024.

WLFI Launch Week Swings Between Political Hype and Liquidity Jitters

The WLFI token debuted on September 1, priced at $0.46 at first. However, inside two hours, heavy promoting on Binance, OKX, and Gate drove the worth down to $0.25.

Besides, the pockets freeze has raised questions in regards to the governance framework of WLFI. Critics level out that the token is marketed as a part of a decentralized platform, but key choices like pockets blacklisting are made unilaterally by the mission’s management.

Per CoinMarketCap data, the token has dropped 18.76% since launch and is seen hovering simply above $0.18 at press time.

Analysts observe that WLFI may see extra draw back if promoting stress continues, contemplating the sharp plunge.

The put up Justin Sun Replies to WLFI Wallet Blacklist, Asks World Liberty to Unfreeze Tokens appeared first on Cryptonews.

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