- TRON DAO wallet blacklisted by WLFI team.
- $11M in tokens moved before funds were frozen.
- Action followed rumors of Justin Sun dumping WLFI.
In a significant move, the World Liberty Finance (WLFI) team blacklisted the TRON DAO wallet from the $WLFI token contract just eight hours ago. The wallet in question—starting with address 0x5AB261—had previously acquired 3 billion WLFI tokens during the project’s ICO phase.
Out of this amount, 600 million tokens were recently unlocked. According to blockchain data, around 54 million WLFI tokens—worth approximately $11 million—were transferred to various new wallets. These movements triggered immediate concern from the community.
Remaining Funds Now Frozen
Following these transactions, the WLFI development team acted swiftly by blacklisting the TRON DAO wallet. This effectively locks the remaining token balance, preventing any further transfers or trading activities involving that address. The move has drawn both praise and criticism, depending on one’s stance regarding decentralization and security in crypto governance.
Rumors of Token Dumping by Justin Sun
The blacklisting follows circulating rumors that Justin Sun—founder of TRON and closely associated with the HTX exchange—may have offloaded WLFI tokens on HTX. This alleged dumping is believed to have contributed to the recent drop in the WLFI token price.
While no official statement has been made by Sun or TRON DAO, the swift action by the WLFI team signals their commitment to stabilizing the token’s market and protecting investors.
This incident raises broader questions about the power developers hold in managing smart contracts, especially in cases where large holders may act against the project’s best interest. As WLFI tries to regain investor trust, all eyes remain on how this blacklist will impact the token’s future.
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