Core Viewpoint - The WLFI project has blacklisted a wallet address associated with Justin Sun, locking over $100 million in unlocked WLFI tokens and billions in locked tokens, which has further shaken market confidence [2][3][5]. Group 1: Incident Overview - WLFI blacklisted a wallet address belonging to Justin Sun, locking over $100 million in unlocked WLFI tokens and billions in locked tokens [3][5]. - The action was triggered by a transfer of approximately $9 million in WLFI tokens from Sun's address just before the blacklisting [3][4]. - Sun claimed the transfers were merely for testing and did not impact the market [6][12]. Group 2: Market Reaction - The market's confidence was already fragile due to WLFI's chaotic listing, with the token's price dropping from an opening of $0.32 to around $0.18, reflecting a significant decline [14]. - The core issue affecting market confidence stemmed from the project's last-minute disclosure of circulating supply, which was five times higher than investor expectations [16][17]. - Investors expressed dissatisfaction over the lack of transparency regarding the circulating supply and the ambiguous criteria for early supporters [17]. Group 3: Speculations and Analysis - Unverified user speculations suggested that Sun might have used complex operations to evade market monitoring, potentially cashing out without directly impacting the market [8][9]. - An AI analysis indicated that Sun's transfer occurred after a price drop, suggesting that the real cause of the decline was large deposit flows from exchanges, not Sun's actions [11].

Core Viewpoint - The cryptocurrency project World Liberty Financial (WLFI), backed by the Trump family, is facing internal conflict after blacklisting one of its major supporters, Justin Sun, founder of Tron, which has further shaken market confidence [1][2]. Group 1: Incident Overview - WLFI blacklisted Justin Sun's wallet address, locking over $100 million worth of unlocked WLFI tokens and billions of tokens in a locked state [1][2]. - The blacklisting was triggered by a transfer of approximately $9 million worth of WLFI tokens from Sun's address just hours before the action was taken [1][2]. - Sun claimed that his transactions were merely for testing and would not impact the market, but the market reacted negatively [3]. Group 2: Market Reaction - WLFI token price had already begun to decline before the blacklisting, dropping as much as 24% on the day of the incident [4]. - The token was initially listed at $0.32 but fell to a low of $0.21, currently stabilizing around $0.18, indicating a significant drop from the issuance price [8]. Group 3: Supply Concerns - The core issue affecting market confidence stemmed from the project's last-minute disclosure of circulating supply, revealing 25 billion tokens entering circulation, five times the previously expected 5 billion [11]. - This unexpected increase led to investor dissatisfaction and raised questions about transparency and the criteria for early supporters [11]. - The confusion regarding the circulating supply estimates further exacerbated selling pressure, with estimates varying from 3% to 25% shortly after issuance [11].

Core Insights - The cryptocurrency project World Liberty Financial (WLFI), backed by the Trump family, is facing internal conflict after blacklisting one of its major supporters, Justin Sun, founder of Tron, which has further shaken market confidence [1][2]. Group 1: Incident Overview - WLFI blacklisted Justin Sun's wallet address, locking over $100 million worth of unlocked WLFI tokens and billions of tokens in a locked state [2][4]. - The action was triggered by a transfer from Sun's address, which moved approximately $9 million worth of WLFI tokens shortly before the blacklisting [2][3]. - Sun claimed that his transactions were merely for testing and would not impact the market, but the market reacted negatively, with WLFI token prices dropping significantly [4]. Group 2: Market Reaction - WLFI's token price fell sharply, dropping 24% on the day of the incident, and has been trading significantly below its initial listing price of $0.32, currently around $0.18 [4][7]. - The project has faced criticism for its chaotic market debut, with the token's circulating supply being disclosed at 25 billion, five times higher than investor expectations of 5 billion [10]. Group 3: Speculation and Community Sentiment - Unverified speculation in the community suggests that Sun may have used complex maneuvers to evade market scrutiny, potentially cashing out while maintaining the appearance of market stability [5]. - Investor dissatisfaction has been fueled by a lack of transparency regarding the token's supply and the ambiguous criteria for early supporters, leading to increased selling pressure [10].