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WLFI Slides to New Lows as World Liberty Blocks Justin Sun–Linked Wallet

A wallet freeze with a small token burn marks the project’s on-chain response to a high‑volume debut followed by heavy selling.

Overview

  • WLFI hit a new trough near $0.16 on Thursday, roughly 50%–60% below its early peak, erasing billions in market value days after its exchange debut.
  • World Liberty Financial blacklisted a wallet tied to Justin Sun after a 50 million WLFI transfer worth about $9 million, with on‑chain data showing the address holds roughly $100 million in unlocked tokens; Sun said he was only conducting deposit tests.
  • The project executed a 47 million WLFI burn worth about $11 million, equal to roughly 0.19% of circulating supply, which did not reverse the price slide.
  • At launch the circulating supply was about 24.67–25 billion tokens with sizable allocations to ecosystem funds and ALT5 Sigma, and first‑day trading volume topped $4 billion across major exchanges.
  • On‑chain activity shows large transfers to exchanges and heavy sell pressure even as the team touts WLFI’s governance role, with critics alleging bad‑faith behavior and presale buyers still in profit at sub‑$0.20 prices.