Billionaire crypto entrepreneur Justin Sun's address has been blacklisted after he transferred Trump-linked WLFI tokens worth $9 million, the on-chain intelligence platform Arkham highlighted on X on Sep. 4.
WLFI is the native token of the Trump family's crypto venture, World Liberty Financial, that made its open trading debut on Sep. 1.
Justin Sun and WLFI
When WLFI opened for trading, Sun claimed his 20% unlock of $200 million in WLFI tokens. He holds WLFI tokens worth $891.2 million in total, Arkham noted .
"He says he is not selling anytime soon."
Sun was one of the earliest investors in the crypto venture in November 2024 when he invested $75 million into World Liberty Financial.
To the latest development, Sun responded on X , "Our address only conducted a few generic exchange deposit tests, with very low amounts, and then created address dispersion, without involving any buying or selling, which could not possibly have any impact on the market." (Grok translation)
Justin Sun asks for his tokens to be unlocked
Sun later asked for his "unreasonably frozen"tokens to be unlocked. "Tokens are sacred and inviolable."He called on the WLFI team to respect these principles and unlock his tokens.
A spokesperson from Sun's team told TheStreet Roundtable , "Justin and the WLFI team are in active communication about this matter."
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Justin Sun and Trump
Sun also invested in the TRUMP meme coin and was the wealthiest guest at the private dinner gala Trump hosted in May for the top holders of the meme coin. Sun spent over $20 million on the token.
In February 2025, the Securities and Exchange Commission (SEC) and Sun jointly asked for a court stay on a securities violations case filed in March 2023.
This story was originally reported by TheStreet on Sep 4, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
