Justin Sun’s WLFI token address was blacklisted after a $9 million transfer on Thursday, raising concerns over trading restrictions as prices tumble.
Tron founder Justin Sun’s World Liberty Financial (WLFI) token address was blacklisted on Thursday after transferring 50 million WLFI tokens to crypto exchange HTX.
Onchain data from Nansen and Arkham shows the address was flagged shortly after a $9 million transaction. The blacklisting fueled speculation that WLFI was restricting certain users from selling tokens and pressuring prices during the first week of public trading.
On Thursday, Sun responded to speculation in an X thread, saying in a translated post that his address had only carried out a few routine exchange deposit tests with very small amounts of WLFI tokens before creating address dispersion.
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