Justin Sun And WLFI Saga, What Really Happened?

Justin Sun’s wallet was frozen by World Liberty Financials after a governance vote locked 540 million unlocked WLFI tokens and 2.4 billion locked tokens.

The move followed claims that Sun used exchanges to sell tokens and drive down prices during the launch earlier this month.

WLFI Freeze and the Launch Timeline

World Liberty Financials froze Justin Sun’s address during the WLFI token launch this week.

The decision came through a governance vote after questions were raised about trading activity linked to Sun.

Records showed that 540 million WLFI tokens had been unlocked, while another 2.4 billion tokens were still locked.

At launch on September 1, WLFI opened at $0.20, giving it a market value close to $1 Billion.

Around 6.8% of the supply entered circulation, split between community distribution and marketing allocations. Sun holds about 3% of the supply.

Only 20% of his share was unlocked at the start. The rest...

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