Overview

• WLFI says most of the 272 blacklisted wallets were tied to phishing or support-channel compromises, a list that included Sun’s address.
• Roughly 595–600 million unlocked WLFI linked to Sun were frozen, with reports indicating his locked and staked allocations lift the total affected to as much as 2.94 billion tokens.
• On-chain analysts, including Nansen’s Alex Svanevik, say Sun’s $9 million transfer occurred after the steepest drop, while flows such as BitGo-to-Flowdesk distributions are cited as earlier pressure on price.
• WLFI traded near $0.18 after hitting an all-time low around $0.16 this week, with temporary rebounds following the blacklist actions and other steps to tighten supply.
• The team has burned 47 million tokens and floated a buyback proposal as Sun publicly denies dumping and urges the project to unfreeze his holdings.