Justin Sun's Wallet Blacklisted After $9M WLFI Token Move

- World Liberty Financial blacklists Justin Sun’s wallet. - WLFI token price drops 24% amid market volatility. On September 4, 2025, multiple outlets, including CoinDesk, CoinGape, Decrypt, and Crypto Briefing, reported that Trump-backed World Liberty Financial (WLF) blacklisted a wallet belonging to Justin Sun. WLF’s action followed the Tron founder’s transfer of $9 million in its native WLFI tokens. The blacklisting coincided with a sharp 24% price drop for WLFI, a decline that highlighted the token’s market volatility and fueled speculation about the transfer’s impact. Sun, a prominent investor in both World Liberty Financial and the TRUMP memecoin, denied allegations that his transactions were sales meant to influence the market. In a public statement on September 4, Sun described the transfers as generic exchange deposit tests. Subsequently, World Liberty Financial issued its own statement, claiming an unnamed cryptocurrency exchange used WLFI tokens held by users to suppress the token’s price. The firm suggested this alleged market manipulation may have prompted its decision to blacklist Sun’s wallet, an action that effectively froze his assets. Before the blacklisting, reports indicated Sun held a substantial amount of WLFI tokens, with some valuing his unlocked holdings at over $100 million. This figure underscores his sizable financial stake in the project. The WLFI token, tied to a DeFi project co-founded by Donald Trump’s sons, has experienced significant price fluctuations since its launch. The token debuted at $0.32 but has dropped to as low as $0.18 during periods of high volatility, including the recent market events. According to CoinMarketCap data, as of 20:08 UTC on September 4, World Liberty Financial (WLFI) was trading at $0.188, down 11.015% in the last 24 hours, although its trading volume saw a significant 99.903% spike. In comparison, TRON (TRX) was priced at $0.334 as of 20:09 UTC, a 2.212% drop in the same period. Meanwhile, the OFFICIAL TRUMP token traded at $8.259, a 2.095% decline over the last 24 hours.