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WLFI Token of Justin Sun Blacklisted: What Happened?

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by Giorgi Kostiuk

2 days ago

Recently, the address of the WLFI token, developed by Tron founder Justin Sun, was blacklisted following a large transaction of $9 million. This event sparked discussions about possible attempts to restrict token sales.

WLFI Token Address Blacklisted

The WLFI token address was blacklisted on Thursday after 50 million tokens were transferred. On-chain data from Nansen and Arkham indicates that the address was flagged shortly before a $9 million transaction.

Comments by Justin Sun

In response to the discussions online, Justin Sun stated that his address was used only for conducting routine deposit tests with small amounts of WLFI tokens. He emphasized that this activity was not related to buying or selling and 'could not possibly have any impact on the market.'

WLFI Token Dynamics

The WLFI token, backed by a project associated with former U.S. President Donald Trump, began trading on Monday. After briefly surging to $0.32, the token's price sharply declined, trading below $0.18 by Thursday, representing a 22% drop.

The situation with the WLFI token remains under observation, and further details are expected as they become available.

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