Key Takeaways
- Amid the mass sell-off, Justin Sun’s linked wallet moved 50 million WLFI tokens.
- Sun denied the sell-off speculation, stating that no buying or selling was involved with the address.
- WLFI token plunged 16% over the past 24 hours, and experts hint that the asset is in strong bearish momentum.
It has been four days since the launch of the Trump family’s crypto project, World Liberty Financial (WLFI), and it continues its bearish streak. Based on whale activity and on-chain data, bearish sentiment appears to be intensifying and may trigger further downside momentum.
Also Read: Trump-Backed WLFI Blocks Wallet Breach Attempts, Commits to $10M Token Burn
Justin Sun Clarifies 50 Million WLFI Token Transfers
The blockchain-based transaction tracker Onchain Lens shared details showing that the wallet address (0x5ab) belonging to billionaire and HTX and Tron founder Justin Sun moved 50 million WLFI tokens worth $9.12 million to a new wallet. However, speculation suggests that the transaction was likely intended for a deposit into HTX for a potential sell-off.
However, this transaction marks the second time Sun has been linked to it since the launch of WLFI tokens. Earlier, on September 3, 2025, the same wallet moved 5.289 million WLFI tokens worth $1.19 million to HTX.
Meanwhile, Sun denied the sell-off speculation in a recent post on X. He explained that his wallet address had only conducted a few general exchange deposit tests with small amounts, followed by address dispersion. He further clarified:
No buying or selling was involved, so it could not possibly have any impact on the market.
This is not the first time Sun has spoken out or shared his thoughts on the WLFI token. Following its listing, when the market was experiencing a continuous dump, he stated,
I truly believe this will be one of the biggest and most important projects in crypto. We have no plans to sell our unlocked tokens anytime soon.
Justin Sun’s WLFI Holdings
According to the data, Justin Sun has invested $75 million in the Trump crypto project for 3 billion WLFI tokens. However, so far he has only received 600 million WLFI tokens through strategic token unlocks.
WLFI Price Extends Decline as Volume Surges
Despite no major sell-off of WLFI tokens, the price continues to bleed. Over the past 24 hours, the asset has lost 16% of its value, falling to $0.1796 from an intraday high of $0.2158.
At the same time, investor and trader participation in the asset has skyrocketed. Data from CoinMarketCap reveals that the asset’s 24-hour trading volume jumped by 132% compared to the previous day.
Experts believe that a surge in transaction activity or participation during a notable price decline is a bearish sign, as it indicates the asset is in strong bearish momentum and facing heavy selling pressure.
