Trump-backed DeFi project World Liberty Financial has blacklisted an address linked to Justin Sun after it reportedly transferred some of its WLFI tokens, sparking allegations of market manipulation.
Nonetheless, multiple on-chain analysis platforms revealed that Sun had started to move his unlocked tokens, sparking rumors that he was selling. On-chain data showed that he had sent 4.9 million WLFI to crypto exchange HTX, owned by the Tron Founder, over the past two days.
He added that these tests “did not involve any trading activities and could not have impacted the market in any way,” but did not comment on the blacklist. At the time of writing, World Liberty Financial has not addressed the situation.
