Justin Sun’s locked World Liberty tokens down $60 million since September: Bubblemaps
Justin Sun lent tremendous support to World Liberty Financial, the DeFi project backed by President Donald Trump, and yet it appears he's still persona non grata after more than three months."Sun is still blacklisted by WLFI [and] in 3 months, his locked tokens dropped $60 million in value ... absolutely brutal," blockchain analytics platform Bubblemaps posted to X on Monday.In September, Sun attempted to pushed back against the blacklisting while swearing he was innocent of any wrongdoing. The crypto billionaire was blacklisted by World Liberty after he moved roughly $9 million in WLFI tokens. World Liberty's punitive action came as a major surprise to many given how much Sun had sought to support Trump's crypto project.Sun used his resources to buy approximately $175 million worth of tokens tied to Trump-backed crypto projects. Not only did he commit to buying $100 million worth of Trump’s TRUMP memecoin, he also invested $75 million in WLFI, the governance token of the World Liberty project.After becoming the largest holder of the TRUMP memecoin, Sun attended a gala dinner hosted by Trump. He was awarded the "Trump Golden Torbillon" watch.Sun claims innocence after World Liberty moveThe WLFI token contract blacklisted an address linked to Sun, which froze WLFI at the address and prohibited him from sending or receiving the tokens"I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team and community, and to jointly build a strong and healthy WLF ecosystem," Sun said in September. "However, during the course of operations, my tokens were unreasonably frozen."WLFI is down over 40% since it began trading in September. President Trump's three sons are all listed as co-founders of World Liberty.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.