World Liberty Financial’s WLFI token rebounds 4% after blocking Justin Sun’s $100M tokens

CryptoSlate
CryptoSlate
WLFI+7.01%

World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens.

Sun remarked,

“As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem.

However, during the course of operations, my tokens were unreasonably frozen.”

According to CryptoSlate’s data, WLFI value rose by nearly 4% in the last 24 hours to $0.18754 from an all-time low of $0.1632. The price uptrend added around $500 million to the project’s market capitalization, which stood at $4.6 billion as of press time.

CoinGlass data shows that crypto traders speculating on WLFI lost $17 million due to the digital asset’s volatile price swings....

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