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WLFI Token Rebounds 4% After Blocking Justin Sun’s $100M Holdings
WLFI Token Rebounds 4% After Blocking Justin Sun’s $100M Holdings
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BTCCSquare news:
World Liberty Financial's native token WLFI surged nearly 4% to $0.18754 after freezing 595.109 million tokens belonging to TRON founder Justin Sun. The controversial move erased $17 million in Leveraged positions while boosting market capitalization by $500 million to $4.6 billion.
"My tokens were unreasonably frozen," SUN stated, claiming early investor status in the project. The blocklisted address contained $104 million worth of WLFI, representing approximately 2.2% of circulating supply.
Open interest skyrocketed 50% to $7.2 billion as traders positioned for volatility. This marks a partial recovery for WLFI, which remains down 70% since its September 1 launch.
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