The post Justin Sun’s blocked holdings spark WLFI token revival appeared on BitcoinEthereumNews.com. World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens. Sun remarked, “As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem. However, during the course of operations, my tokens were unreasonably frozen.” According to CryptoSlate’s data, WLFI value rose by nearly 4% in the last 24 hours to $0.18754 from an all-time low of $0.1632. The price uptrend added around $500 million to the project’s market capitalization, which stood at $4.6 billion as of press time. CoinGlass data shows that crypto traders speculating on WLFI lost $17 million due to the digital asset’s volatile price swings. Meanwhile, WLFI’s price performance has led to a 50% rise in the token’s open interest volume to $7.2 billion at the time of writing. These developments mark a significant turnaround of fortunes for a digital asset that has lost around 70% of its value since it started trading on Sept. 1. Sun vs WLFI On Sept. 4, the WLFI team blocklisted a wallet address belonging to Sun that held 595.109 million WLFI tokens worth nearly $104 million. According to Onchain Lens, the WLFI team allegedly blocked Sun’s wallet due to allegations that an exchange connected to him had been using customer tokens to suppress the asset’s price. The reports remained unconfirmed as of press time. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. These rumors began after wallets… The post Justin Sun’s blocked holdings spark WLFI token revival appeared on BitcoinEthereumNews.com. World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens. Sun remarked, “As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem. However, during the course of operations, my tokens were unreasonably frozen.” According to CryptoSlate’s data, WLFI value rose by nearly 4% in the last 24 hours to $0.18754 from an all-time low of $0.1632. The price uptrend added around $500 million to the project’s market capitalization, which stood at $4.6 billion as of press time. CoinGlass data shows that crypto traders speculating on WLFI lost $17 million due to the digital asset’s volatile price swings. Meanwhile, WLFI’s price performance has led to a 50% rise in the token’s open interest volume to $7.2 billion at the time of writing. These developments mark a significant turnaround of fortunes for a digital asset that has lost around 70% of its value since it started trading on Sept. 1. Sun vs WLFI On Sept. 4, the WLFI team blocklisted a wallet address belonging to Sun that held 595.109 million WLFI tokens worth nearly $104 million. According to Onchain Lens, the WLFI team allegedly blocked Sun’s wallet due to allegations that an exchange connected to him had been using customer tokens to suppress the asset’s price. The reports remained unconfirmed as of press time. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. These rumors began after wallets…

Justin Sun’s blocked holdings spark WLFI token revival

World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens.

Sun remarked,

According to CryptoSlate’s data, WLFI value rose by nearly 4% in the last 24 hours to $0.18754 from an all-time low of $0.1632. The price uptrend added around $500 million to the project’s market capitalization, which stood at $4.6 billion as of press time.

CoinGlass data shows that crypto traders speculating on WLFI lost $17 million due to the digital asset’s volatile price swings.

Meanwhile, WLFI’s price performance has led to a 50% rise in the token’s open interest volume to $7.2 billion at the time of writing.

These developments mark a significant turnaround of fortunes for a digital asset that has lost around 70% of its value since it started trading on Sept. 1.

Sun vs WLFI

On Sept. 4, the WLFI team blocklisted a wallet address belonging to Sun that held 595.109 million WLFI tokens worth nearly $104 million.

According to Onchain Lens, the WLFI team allegedly blocked Sun’s wallet due to allegations that an exchange connected to him had been using customer tokens to suppress the asset’s price. The reports remained unconfirmed as of press time.

These rumors began after wallets connected to Sun transferred over $10 million worth of WLFI tokens to exchanges. Conor Grogan, a Coinbase executive, had flagged a transaction on X, saying:

However, Sun defended the transactions and described them as “a few general exchange deposit tests with very small amounts, followed by an address dispersion.” He added:

Sun slams WLFI

Following these actions, Sun criticized World Liberty Financial’s blocklisting of his tokens in a Sept. 5 statement shared on X as “unilateral” and “unreasonable.”

According to him, the President Donald Trump’s crypto venture actions violated the “legitimate rights of investors,” while adding that such decisions could damage investor confidence in the project.

He wrote:

Nansen CEO Alex Svanevik also defended Sun by pointing out that the crypto billionaire was not responsible for the WLFI’s initial price decline when the timestamps of his transactions are scrutinized.

Mentioned in this article

Source: https://cryptoslate.com/world-liberty-financials-wlfi-token-rebounds-4-after-blocking-justin-suns-100m-tokens/

Market Opportunity
SUN Logo
SUN Price(SUN)
$0.021067
$0.021067$0.021067
-0.18%
USD
SUN (SUN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Digitap Raises Over $4M: A Comparison with DeepSnitch AI

Digitap Raises Over $4M: A Comparison with DeepSnitch AI

Both DeepSnitch AI and Digitap ($TAP) have been highlighted within some crypto communities for their distinct approaches. Although the two coins take a very different
Share
Crypto Ninjas2026/01/18 23:42
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
The Economics of Self-Isolation: A Game-Theoretic Analysis of Contagion in a Free Economy

The Economics of Self-Isolation: A Game-Theoretic Analysis of Contagion in a Free Economy

Exploring how the costs of a pandemic can lead to a self-enforcing lockdown in a networked economy, analyzing the resulting changes in network structure and the existence of stable equilibria.
Share
Hackernoon2025/09/17 23:00