Just when things calmed down for a few days, there’s another big scandal in the crypto world! This time, the protagonist is Sun Yuchen, along with the crypto project WLFI led by the Trump family — just a few days ago, Sun Yuchen was transferring tokens in large amounts, and suddenly the project party 'cut his throat': wallet address blacklisted, and the 3 billion market value of WLFI was directly frozen! This sudden turn of events is faster than flipping a book, leaving even the old players stunned.
1. A deadly move arrives: The Trump family project 'tears apart' Sun Yuchen, 3 billion tokens frozen just like that.
No one expected that WLFI, this 'Trump Concept Star Coin', would suddenly strike hard against Sun Yuchen.
The story dates back a few days: on-chain data clearly shows that Sun Yuchen's wallet just completed a major transaction — transferring 50 million WLFI, worth a whopping 9.12 million USD at the time! The market was still guessing: 'Is this going to be deposited into his own HTX exchange, preparing to pump the price?'
But the reversal came unexpectedly: World Liberty Financial (WLFI project team), under the Trump family, directly issued a notice to blacklist Sun Yuchen's wallet address and froze all WLFI tokens in his hands, valued at nearly 3 billion!
The project team's reasoning is clearly targeted: 'A certain exchange has been using user tokens to dump the market, disrupting market stability.' Those who understand will know that this 'certain exchange' refers to HTX behind Sun Yuchen — it is equivalent to writing 'the target is directly pointed at Sun Yuchen' on their face, leaving no room for buffer.
2. Price roller coaster: rising 10% thinking it's a good thing, then crashing 20%, ABTC is also caught in the crossfire.
As soon as the news broke, the market staged a wave of 'confusing operations': WLFI price surged nearly 10%! Many investors thought, 'The dumping hands have been cleared, which is a good thing', and some even took the opportunity to chase the rise.
But it didn't take long for the happiness to fade: WLFI suddenly plummeted, quickly swallowing its 10% gain, and fell over 20%! Even worse was the 'difficult brothers' ABTC (another Trump concept coin), which was directly brought down, also crashing over 20% — the two 'celebrity-backed coins' crashed together, leaving holders panicked and at a loss that day.
Why is this happening? It's actually not hard to understand: at first, everyone thought 'the absence of Sun Yuchen's selling pressure' was a good thing, but soon realized — even the project team can arbitrarily freeze large amounts of tokens, this project has no sense of security! As panic spread, who dared to stay? A wave of selling naturally followed.
3. Magical reversal: Why can't the presence of three top market makers stop the decline?
Interestingly, amidst all this chaos, top market maker Cumberland quietly entered the scene!
On-chain data shows that they received 10 million WLFI from BitGo, valued at 2.05 million USD. It should be known that Cumberland is not a small player — it is also the market maker for the TRUMP token, with considerable strength.
Plus, with DWF Labs and Jump Trading already in the field, WLFI has gathered 'three top market makers' to support it. Logically speaking, with these institutions backing, the price should stabilize no matter how much it falls, right? But the result is 'it still crashes'.
The answer actually lies within the 'internal struggles': the conflict between the project team and Sun Yuchen is fundamentally about 'the tearing apart of profit distribution'. At such times, even if the institutions want to support the price, they cannot withstand the hidden danger of 'the project team having the power to freeze assets' — no one dares to bet whether they will be the next one blacklisted, so funds naturally do not dare to enter the market.
4. The most terrifying thing is not the crash, but the lie of 'decentralization' being exposed!
The most terrifying part of this farce is not the freezing of 3 billion tokens, nor the plummeting of coin prices — but the fact that WLFI, which claims to be 'decentralized', exposes the core hidden dangers.
The project team can directly freeze assets of specific addresses! This is not decentralization at all; it is clearly a centralized operation where 'the project team has the final say'!
You should know that one of the core logic of cryptocurrencies is 'assets are controlled by users themselves', yet WLFI can lock Sun Yuchen's 3 billion assets with just one statement — doesn't that mean the tokens in the hands of ordinary investors are also in the hands of the project team? Today they can freeze Sun Yuchen, tomorrow they might freeze any token holder.
Sun Yuchen's experience further exposes the double-edged sword of the 'celebrity effect': Initially, he brought heat and liquidity to WLFI with his own traffic, which the project team welcomed; but once Sun Yuchen (or his associated exchange) made moves that affected the project team's interests, he was immediately 'kicked out' — the so-called 'cooperation' is fundamentally about binding interests, it can be broken at any time.
5. A warning to all token holders: Don't fall for these two things anymore!
After watching this grand performance, it can actually remind all fans, especially those who have been crawling and rolling in the crypto circle:
① Don't blindly trust 'celebrity endorsements': Whether it's the Trump family or big names like Sun Yuchen, their involvement may bring short-term heat, but it does not guarantee long-term safety — once interests conflict, it is ordinary investors who are sacrificed first.
② Beware of 'pseudo-decentralized projects': Any project that can arbitrarily freeze or blacklist addresses, even if it has 'decentralization' in its name, is fundamentally a 'centralized trap' — the safety of your assets depends entirely on the mood of the project team; no matter how hot such a coin is, don't touch it.
③ Looking at the essence behind price fluctuations: In situations like WLFI where it rises first and then falls, don't be fooled by short-term ups and downs — think clearly about whether 'the logic of the rise is really valid' and 'whether the hidden dangers of the decline have been addressed'; blindly chasing the rise will only make you a bag holder.
The internal struggle of WLFI is not yet over. Will Sun Yuchen retaliate? Will the project team take new actions next? Friends holding relevant tokens must keep a close watch — the risks in the crypto circle are never as simple as market fluctuations.
