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Sun Yuchen's $30 billion frozen, WLFI's 40% crash ignites contract frenzy
The Trump concept coin WLFI really exploded this time. After Sun Yuchen transferred $9 million of WLFI to HTX, the project party immediately froze his $3 billion wallet, citing suspicions that he was manipulating the market.
Sun Yuchen was furious, publicly denouncing this as an "unreasonable unilateral action," claiming he was just conducting a small test and didn't engage in any buying or selling operations. To prove his innocence, he also promised to buy another $20 million of WLFI and ALTS stocks.
But the market does not buy it. WLFI prices plummeted by 40%, crashing all the way down to around $0.18. On-chain data shows that Sun Yuchen's $9.2 million transfer actually occurred after the price drop, making the timeline of the entire event even more confusing.
Sun Yuchen was furious, publicly denouncing this as an "unreasonable unilateral action," claiming he was just conducting a small test and didn't engage in any buying or selling operations. To prove his innocence, he also promised to buy another $20 million of WLFI and ALTS stocks.
But the market does not buy it. WLFI prices plummeted by 40%, crashing all the way down to around $0.18. On-chain data shows that Sun Yuchen's $9.2 million transfer actually occurred after the price drop, making the timeline of the entire event even more confusing.
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