Justin Sun’s locked WLFI value down $60M – Bubblemaps

Justin Sun remains blacklisted by World Liberty Financial, the DeFi project backed by President Donald Trump, and the value of his locked WLFI holdings has fallen by about $60 million since September, according to blockchain analytics firm Bubblemaps.

On Monday, Bubblemaps wrote that more than three months after a WLFI token contract blacklisted an address linked to Sun, the tokens at that address are still frozen and cannot be transferred. The blacklist came after Sun moved roughly $9 million worth of WLFI in September, the firm noted.

In September, Sun disputed the action and denied wrongdoing. “My goal has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem,” he wrote, adding that his tokens were “unreasonably frozen.”

Sun has funded Trump-aligned crypto efforts, committing to buy about $100 million of the TRUMP memecoin and investing $75 million in WLFI, for roughly $175 million across the projects. After becoming the largest TRUMP holder, he attended a gala dinner hosted by Trump and received a Trump Golden Torbillon watch.

WLFI has dropped more than 40% since it began trading in September. World Liberty lists Trump’s three sons as co-founders.

As we covered previously, Senators Elizabeth Warren and Jack Reed urged the Justice and Treasury departments to investigate World Liberty Financial after new data suggested WLFI sales reached potentially suspicious buyers, including addresses tied to North Korea and Russia. They warned of national security risks and said the platform lacks safeguards to block bad actors from influencing governance or moving funds.