The WLFI team has initiated an investigation into potential price manipulation, revealing suspicious transactions by large token holders.
Investigation Themes and Blacklisted Addresses
Ryan Fang of WLFI reported that the team began an investigation following community reports of possible price manipulation by large token holders. As a result, 272 addresses were blacklisted, leading to the freezing of assets associated with Justin Sun. These measures followed accusations of manipulation that could significantly impact the market.
Market and Volatility
Amid the investigation, the WLFI market faced volatility, with the asset's value fluctuating. As of September 7, 2025, WLFI was priced at $0.23, with a market cap of $5.65 billion and a trading volume of $1.66 billion. An increase of 8.45% was noted in the past 24 hours, linked to the blacklisting actions.
Community Discussion and Response
The community has actively reacted to the events, discussing potential implications on platforms like Discord and Telegram. WLFI continues the investigation despite the lack of conclusive evidence of illegal actions. Ryan Fang noted: "We believe that some very large token holders may have manipulated the price to lock in profits...".
The WLFI investigation emphasizes the importance of transparency and stability in the market, while the community discusses the risks associated with price manipulation.
