Turn against Trump? Justin Sun dumps, address is blocked!

September 5, 2025

As the saying goes, when Justin Sun smiles, life and death are unpredictable~ I have repeatedly warned about the risks of $WLFI (Just now, $WLFI officially launched the token, congratulations to Trump for making another tens of billions! Exposing $WLFI: the latest model of corruption!) This time, the high-profile Trump family probably didn't expect that Justin Sun would play people for suckers! The incident started when Justin Sun's wallet transferred approximately 9 million USD worth of WLFI tokens to the HTX exchange in a short period. Subsequently, the WLFI team quickly took action to freeze that address. According to public data, the scale of assets involved in this action is considerable: about 540 million unlocked WLFI tokens, as well as 2.4 billion WLFI tokens still in the lock-up period, have all been locked and cannot be transferred anymore. Just a few days ago, Justin Sun had tweeted that he had no plans to sell the unlocked $WLFI tokens in the near future. He said that the long-term vision of this project is too strong, and he fully agrees with this mission. In response to this event, Justin Sun himself quickly made a statement on X (formerly Twitter). His main points were: this is a small-scale deposit test aimed at diversifying funds to different addresses; it did not involve any buying or selling operations and would not have a substantial impact on the market; he emphasized his long-term support for WLFI and promised that "there are no plans to sell unlocked tokens in the short term." In simple terms, Justin Sun wants the outside world to believe: this is just a routine operation and not to over-interpret it. Whether you believe it or not, it depends on yourself~ The market reacted quickly: after the news was released, the price of WLFI tokens experienced a correction, with traders worried about the selling pressure risk that could arise after the large funds were transferred. At the same time, the market also expressed stronger concerns about the governance mechanism of the WLFI project and the use of blacklist privileges. After all, once the project party can arbitrarily freeze addresses, it means they have the ability to "intervene in the market at any time." The World Liberty Finance, which claims to overthrow traditional finance and has received direct support from the great leader Trump, has exposed quite a few of its own issues in this incident: The authority boundaries of the project party: The blacklist mechanism was originally for safety considerations, but if used to restrict specific users, it will affect the market's trust in the spirit of decentralization. The trust gap between large holders and retail investors: When token distribution is overly concentrated, any action by large holders will amplify market volatility and retail anxiety. The transparency of token governance: After the incident, the market urgently needs the WLFI team to provide clearer explanations: What is the freezing logic? Is there any secondary intervention? In other words, the incident itself may be a "false alarm," but it reminds everyone: $WLFI is not a serious decentralized blockchain project, but rather a centralized money-making tool for the Trump family. The project party can really do whatever they want!