Let's note this update, guys, $WLFI now has a $USD1 stablecoin, and if they launch a high-interest Staking platform like Lu's ACN... it would definitely remind people of the projects from 2022. A bit more reassuring is that behind WLFI is the presidential team :))
‼️ The WLFI situation involving Justin SUN is … Recently, a very intense drama erupted between the WLFI project and Justin Sun. ❌ The project has frozen all $WLFI allocations of Justin Sun and blacklisted his wallet (previously confidently stating he wouldn't sell, but SUN withdrew 50 million $WLFI tokens ~9.2 million $😁). The frozen wallets include: • 540 million tokens that have not been unlocked (101 million dollars) • 2.4 billion locked tokens (452 million dollars) ⌛ Previously, Justin invested 75 million dollars to buy 3 billion $WLFI in November 2024 and January 2025. ❗️ Sun is a major investor in the project, suspected of manipulation when withdrawing a large amount to his wallet and the HTX exchange. At the same time, he also increased the staking APY to 20% on the exchange. Sun also denied selling tokens, asserting that the transactions were merely "deposit tests on the exchange" with small amounts and did not affect the market. 🤣 He emphasized that he still supports the project long-term and has no intention of selling. ❌ SUN is no stranger to this market, from the original TRX project to profiting from the FTX exchange collapse (which has been updated). Basically, he tried to intervene to support the withdrawal of SUN tokens, leading to a significant price drop. However, investors were not fully supported… they lost money due to the FTX exchange and were further drained by SUN :))
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