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The Trump-backed DeFi project 
World Liberty Financial unexpectedly blacklisted Justin Sun’s wallet on Thursday, just hours after the crypto billionaire transferred $9M worth of WLFI tokens. The action stunned many, given Sun’s deep involvement in the project and his role as one of its largest financial supporters.
What’s the Scoop?
- Wallet Blacklisted: Onchain data shows World Liberty Financial blocked Justin Sun’s wallet, a decision not yet publicly explained by the project.
- $9M Movement: The blacklist came after Sun transferred $9M in WLFI tokens. The project’s token price had already started to dip before the transfer, and fell as much as 24% on the day.
- Sun Denies Wrongdoing: “Our address only conducted a few generic exchange deposit tests,” Sun wrote on X, denying any market manipulation or sales.
- Heavy WLFI Supporter: Sun has reportedly bought $75M of WLFI tokens, joined the project’s advisory board, and committed to purchasing $100M of the TRUMP memecoin.
- WLFI Volatility: WLFI launched on crypto exchanges Monday at $0.32 but traded around $0.18 by publication, with a fully diluted valuation of roughly $18B.
- Political Ties: President Trump and his three sons are listed as co-founders of World Liberty. Sun, one of the largest holders of the TRUMP token, also attended a gala dinner hosted by the former president earlier this year.
Our address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved, so it could not possibly have any impact on the market.
— H.E. Justin Sun 👨🚀 (Astronaut Version) (@justinsuntron) September 4, 2025
