World Liberty Financial (WLFI), a newly launched Decentralized Financial (DEFI) platform backed by the Trump family, faces significant pricing challenges following its WLFI token debut last Monday.
The platform claims it can level out serious charges of nameless crypto exchanges and manipulate user tokens to lower prices. This situation has attracted particular attention on crypto billionaire and Tron founder Justin Sun.
World Liberty Financial claims operational practices
Prices surged to an impressive $0.47 on September 1st after the WLFI token was launched. However, the excitement was short-lived, reflecting a staggering 61% decline in value since then, with tokens surged to a weekly low of $0.18.
World Liberty Financial has it Appeal This decline, along with the suspicious movement from Justinsan’s wallet, is linked to operational practices through exchange, resulting in a significant amount of his property becoming inaccessible.
In particular, the platform has a blacklist of Sun wallets. This includes the $540 million unlocked WLFI tokens currently frozen, as well as 2.4 billion locked tokens that remain out of reach.
The sun responds to the claim
In response to the allegations, Justin Sun appeared on social media site X to counter the claim. He said he only conducted “minor exchange deposit tests” with minimal amounts, creating address diversifications without engaging in buying and selling activities, and claiming that these actions did not affect the price of the WLFI.
The financial relationship between Justin Sun and World Liberty dates back to November 2024, when Sun became a substantial one. investment With $30 million in WLFI tokens, it has become the platform’s biggest investor.
His support praised President Donald Trump’s vision to establish a new regulatory framework for digital assets.
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