Tron founder Justin Solar’s World Liberty Monetary (WLFI) token tackle was blacklisted on Thursday after transferring 50 million WLFI tokens to crypto alternate HTX.
Onchain knowledge from Nansen and Arkham reveals the tackle was flagged shortly after a $9 million transaction. The blacklisting fueled hypothesis that WLFI was proscribing sure customers from promoting tokens and pressuring costs through the first week of public buying and selling.
Cointelegraph reached out to Solar’s staff for affirmation however had not obtained a response by time of publication.
On Thursday, Solar responded to hypothesis in an X thread, saying in a translated publish that his tackle had solely carried out a couple of routine alternate deposit assessments with very small quantities of WLFI tokens earlier than creating tackle dispersion.
He emphasised that the exercise didn’t contain any shopping for or promoting and “couldn’t presumably have any influence in the marketplace.”
The restriction adopted Solar’s earlier assertion that he “is not going to be promoting quickly,” which advised his continued dedication to the undertaking.
“We now have no plans to promote our unlocked tokens anytime quickly,” Solar stated on the time. “The long-term imaginative and prescient right here is just too highly effective, and I’m totally aligned with the mission.”
Solar was an early presale participant within the WLFI token.
WLFI, a decentralized finance undertaking backed by US President Donald Trump, formally launched buying and selling on Monday. After briefly surging to a excessive of about $0.32, the token has since fallen sharply. By Thursday, it was down 22% on the day, buying and selling under $0.18, in line with CoinMarketCap.
Associated: What’s the actual WLFI? Find out how to keep away from the scammers
It is a growing story, and additional data will probably be added because it turns into obtainable.
