World Liberty Financial has blacklisted a major investor wallet tied to Tron founder Justin Sun – a dramatic move that may have triggered panic across the market, with WLFI plunging 18.8% since the news broke.
On-chain data suggests the blacklisted wallet had invested millions into the Trump family-backed project, raising serious questions about what comes next and whether this shift supports a bearish WLFI price prediction.
The blacklisting took place after Justin Sun allegedly moved $9 million worth of WLFI tokens to exchanges, sparking concerns of a potential dump.
Sun quickly responded on social media, claiming the transfers were simply “deposit tests” and not intended to impact the market in any way. Blockchain analysts later backed this up, showing the transfers occurred between wallets under Sun’s control, not to external exchanges as initially feared.
Still, some X users speculated that World Liberty Financial may have had other motives for blacklisting the wallet – fueling deeper uncertainty around the token’s future.
WLFI Price Prediction: Bullish Breakout Could Mark the Beginning of a Reversal
Trading volumes continue to be quite high for the $WLFI token and currently account for 36% of the token’s circulating supply at $1.7 billion.
$WLFI is at a critical juncture according to its hourly chart. The price has broken above a key trend line resistance and trading volumes appear to have spiked once this breakout happened.
In the past 24 hours, WLFI has booked a 4% gain, signaling a potential recovery.
If the price breaks above $0.21, it could trigger a sharp move toward $0.40 and reclaim bullish momentum.
Still, if U.S. trading hours bring fresh selling pressure, a drop to the $0.05 range remains in play.
Either way, Justin Sun doesn’t seem worried – he reportedly scooped up $WLFI at just $0.015, meaning he’s still sitting on massive unrealized gains.
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The post WLFI Price Prediction: Trump Token in Chaos After Billionaire Wallet Blacklisted – Collapse Incoming? appeared first on Cryptonews.
