Justin Sun Transfers $1 Million in WLFI Tokens to HTX
Justin Sun publicly urged World Liberty Financial to reverse the freeze of over $3 billion in his tokens, pledging new investments to show continued support despite ongoing disputes.
Fact Check
The statement is strongly confirmed by multiple independent news sources and corroborated by specific on-chain data from the reputable analytics firm Nansen. Nansen's data shows Justin Sun deposited 5.289 million WLFI tokens, valued at $1.19 million, into the HTX exchange, which aligns with the claim of a '$1 million' transfer.
Summary
Justin Sun issued an open letter urging World Liberty Financial to lift the blacklist on his wallet, which froze 540 million unlocked and 2.4 billion locked WLFI tokens valued at over $3 billion. The freeze followed $9 million in WLFI transfers to exchanges. Sun described the action as a violation of investor rights and pledged to market buy $10 million worth of WLFI and $10 million in ALTS, the Nasdaq-listed Alt5 Sigma stock. WLFI was trading slightly above $0.18, while ALTS rose 5% on Friday morning.
Terms & Concepts
- Blacklist (in crypto): A security feature allowing a smart contract owner to freeze assets in a specific wallet address, preventing them from being transferred or sold.
- WLFI Token: The governance token for the World Liberty Financial project, which gained attention through an endorsement from Donald Trump.
- Unlocked Tokens: Cryptocurrency holdings that are not subject to vesting or lock-up restrictions and can be freely traded or transferred.