World Liberty Financial (WLFI), a cryptocurrency token launched with the involvement of U.S. President Donald Trump’s family, is back in the spotlight. This time, it’s not about skyrocketing prices, but rather a heated drama with one of the biggest figures in the crypto industry: Justin Sun, founder of TRON and a key player behind the HTX exchange (formerly Huobi).

On-Chain Data Reveals Address Blacklisting
According to on-chain data recorded on Etherscan, the WLFI controlling address (0x407F…5178) executed the guardianSetBlacklistStatus function on the WLFI token contract. As a result, an address linked to Justin Sun (0x5AB2…DA74) was added to the blacklist.

This move effectively made the WLFI tokens held by that address non-transferable.

Large Transfer to Binance Sparks Speculation
Within the last 32 hours, the HTX address “HTX 48” transferred about 60 million WLFI to a Binance deposit address (0xf387D7…29FcB5). This major movement immediately fueled market speculation.

However, Justin Sun was quick to dismiss the rumors. Through his official account on X, he explained:

“Our address only made a few small deposit tests to the exchange, followed by address splitting. No buying or selling transactions were involved, and this could not possibly affect the market.”

Justin Sun: “Unfair Blacklisting”
Justin Sun didn’t stop there—he made another strong statement, arguing that the blacklisting of his WLFI tokens was unfair and urging the WLFI team to remove his address from the blacklist.

In his X post, Sun wrote that such actions not only violate the legitimate rights of investors but also risk undermining trust in WLFI as a digital asset.

What Does This Mean for the Market?
This controversy adds yet another entry to the long list of crypto dramas involving major public figures.

For WLFI, the blacklisting could be seen as an effort to maintain ecosystem stability, but it also raises questions about the level of decentralization in the project.

For Justin Sun, the incident brings more public scrutiny to his crypto activities, especially given his position as one of the industry’s most influential whales.

For retail investors, the drama shows how fragile trust can be in the crypto market, where a single technical decision can significantly affect public perception.

Conclusion
The WLFI vs. Justin Sun saga opens up an important discussion about the balance between developer control and investor rights. Are blacklists like this necessary for ecosystem security, or do they undermine the spirit of decentralization at the very core of crypto?