A WLFI wallet linked to Justin Sun remains blacklisted, freezing tens of millions in tokens as WLFI’s price weakens and investors question its governance and “decentralized” control.
Summary
- Bubblemaps data shows that a Justin Sun-linked wallet on World Liberty Financial is still blacklisted and unable to send or receive WLFI even if the token’s market value drops.
- The frozen stock has lost about $60 million in three months, following WLFI’s broader downward trend rather than forced selling, while Sun still controls nearly 600 million unlocked WLFI plus a large TRUMP stake.
- WLFI, a Trump-backed DeFi governance token that raised more than $550 million in pre-sales, is now under scrutiny as Sun denounces the blacklist and critics point to centralized “kill switches” in its design.
A cryptocurrency wallet linked to entrepreneur Justin Sun remains blacklisted by World Liberty Financial’s WLFI token system, preventing the address from sending or receiving tokens, according to on-chain analytics platform Bubblemaps.
According to the analytical data, the market value of the blocked assets fell by approximately $60 million in three months. The drop corresponded with broader price weakness in WLFI (WLFI) tokens and reflected shifts in market sentiment rather than a forced liquidation of the frozen assets, the platform reported.
World Liberty Financial Tokens Wallet Loses $1 Million, Who Gives?
WLFI administrators added Sun-linked wallets to the blacklist in September following an alleged sale of WLFI tokens by Sun, according to Bubblemaps. The data showed that Sun transferred approximately $1 million worth of WLFI tokens to the centralized exchange HTX, which represents an estimated 4.9 million tokens.
According to the analytics platform, Sun still has control over nearly 600 million unlocked WLFI tokens worth nearly $135 million. Reports estimate his total exposure at about $175 million, including a $100 million commitment to the TRUMP memecoin and about $75 million invested directly in WLFI.
WLFI serves as the governing body of World Liberty Financial, a project that positions itself as a bridge between traditional finance and decentralized finance. According to company statements, the project raised more than $550 million in pre-sales.
WLFI began public trading on September 1, 2025. Prices rose sharply in early trading before entering a downward trend, putting governance practices at the center of discussions about long-term market confidence.
Sun became the largest holder of the TRUMP meme coin and subsequently attended a dinner hosted by former President Donald Trump where he received a “Trump Golden Torbillon” watch, raising his profile in politically linked cryptocurrency projects.
The WLFI blacklist limits Sun’s operational capabilities by freezing tokens at the linked address and eliminating its ability to transfer or receive them, sparking discussion about centralized controls within decentralized financial ecosystems.
In September, Sun criticized the freeze on public statements, saying he had contributed capital and confidence to the project’s future. He characterized the token freeze as unreasonable and harmful, and expressed a desire to develop together with the team and the community.
The limited holdings have limited Sun’s flexibility during market volatility, highlighting tensions between major token holders and governance structures in decentralized finance projects.
