WLFI Investigates Price Manipulation, Adds 272 Addresses to Blacklist

Ryan Fang – the HoG of World Liberty Financial (WLFI) – has raised suspicions about potential price manipulation by a group of whales holding a large amount of tokens. Although there is no verified evidence yet, this information has created a significant wave of concern within the community, especially when 272 wallet addresses have been blacklisted and some wallets linked to Justin Sun have been frozen. Community Report Unusual Signs According to Fang, these suspicions stem from numerous reports in the community about unusual transactions in recent days. Preliminary analyses suggest that some large wallets may have engaged in manipulative behavior to “take profits” amid a highly volatile market. “We believe that some whales have manipulated the price to lock in profits. However, this is still just a suspicion, and there is no solid evidence. But we think that something unusual has indeed happened in the past few days,” Fang emphasized. Immediate Impact: Strong Volatility & Freezing Assets The initial investigation moves have led to: Put 272 addresses on the blacklist. Freeze wallets related to Justin Sun, a major influencer in the TRON ecosystem. Strong price volatility of WLFI, as investor sentiment is affected by the risk of manipulation and concentration risk on centralized exchange (CEX). The Market is Concerned About Transparency The incident immediately sparked heated debates on forums, Discord, and Telegram. Many community members called for WLFI to be more transparent in the investigation process and in publishing data. Some opinions even expressed concerns about the spillover effects on the TRX market, which is closely linked to Justin Sun. No Final Conclusion Yet Currently, WLFI confirms that it is still in the investigation process and cannot draw conclusions yet. Fang emphasizes that the main goal is to ensure transparency while protecting investors from the risk of systematic manipulation. Market Perspective Systemic risk: If the suspicions are confirmed, the incident could set a bad precedent for trust in the transparency of DeFi and CEX projects. Impact on price: WLFI has experienced significant volatility, demonstrating the market's sensitivity to news related to whales and “big player” wallets. Lesson for investors: Be cautious with projects that have a high concentration of power, where a few wallets hold the majority of the circulating supply. 👉 In summary, the WLFI incident is a warning about the vulnerabilities in governance and the market's susceptibility to manipulation. While the community awaits the results of the official investigation, transparency will be key for WLFI to regain investors' trust.