“0x5AB26169051d0D96217949ADb91E86e51a5FDA74”
The blocklisting has been verified through blockchain records, which confirm the address can no longer transfer WLFI tokens.
Notably, the episode occurs as WLFI faces a steep correction since its launch, sliding from $0.3086 on Sept. 1 to a low of $0.1671 on Sept. 4.
Sun’s relationship with WLFI began in November when he purchased $30 million worth of tokens. His investment rescued the project from sluggish sales, which had reached only $21 million before his capital injection.
World Liberty co-founder Zak Folkman credited Sun with the project’s early success, stating the crypto billionaire “saw that regardless of the outcome, this project is a monumental move forward for the entire crypto community.”
The blocklisting marks a significant reversal for Sun, who maintained close ties with President Donald Trump’s family through the crypto venture.
World Liberty Financial appointed Sun as an advisor immediately after his initial investment, praising his “insights and experience” as instrumental to the project’s growth.
Sun increased his investment to $75 million just before Trump’s inauguration in January, cementing his position as WLFI’s most prominent backer.
Sun’s blocked holdings represent a substantial portion of circulating tokens and a 2.4 billion WLFI stash waiting to be unlocked. The blocklisting could affect governance decisions within the platform’s decentralized structure.
