Support Justin Sun: The Truth and Prejudice Behind the WLFI Blacklist Incident
Recently, the World Liberty Financial (WLFI) project, supported by the Trump family, blacklisted Tron founder Justin Sun and froze about 2.94 billion tokens in his hands, sparking heated discussions in the cryptocurrency community. On the surface, WLFI accuses Justin Sun of dumping tokens through the HTX exchange and depressing prices, but this is more like a trampling of the decentralized spirit by centralized power. Supporting Justin Sun is not only due to his contributions as a pioneer in the crypto industry but also because this incident exposes the double standards and injustice of the WLFI project party.
Firstly, Justin Sun @justinsuntron, as the largest individual investor in WLFI, invested $75 million early on, holding as much as 595 million tokens, accounting for 3% of the released tokens. He publicly promised not to sell tokens and clarified on social media that the transfer was merely for "exchange recharge testing", with an insignificant amount that was not enough to impact the market. On-chain data shows that his recent transfer of 5.28 million WLFI was worth only $1.19 million, far from the so-called "malicious dumping". In contrast, the WLFI project party can freeze large amounts of assets at will, which contradicts the decentralized philosophy of DeFi and raises questions about its transparency and fairness.
Secondly, Justin Sun @sunyuchentron's contributions to the crypto field cannot be overlooked. He has promoted the development of blockchain technology through Tron, and his investment in WLFI not only injected liquidity into the project but also attracted market attention, helping it overcome early fundraising difficulties. WLFI now has a market capitalization exceeding $5.8 billion, and Justin Sun is indispensable. In contrast, the project party pointed fingers at Justin Sun without sufficient evidence, which is in fact a diversion from its own management mistakes regarding price fluctuations after token unlock.
Lastly, the close ties between WLFI and the Trump family, along with the SEC's involvement, indicate that the project itself is fraught with political and regulatory risks. Justin Sun being blacklisted is more like the project party finding a "scapegoat" to quell market doubts. Supporting Justin Sun means supporting fairness and transparency in the crypto world. WLFI should publicly disclose its blacklist mechanism, stop abusing power, and let DeFi return to its decentralized essence!
