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Justin Sun’s blacklisted WLFI has lost $70M

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Justin Sun's blacklisted WLFI has lost $70M

Justin Sun is an adviser to World Liberty Financial, a cryptocurrency project co-founded by President Donald Trump; however, his WLFI tokens have been losing value since the project decided to blacklist them.

In September of last year, the World Liberty team blacklisted 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, a Sun-affiliated address that was labeled as “TRON DAO” on Etherscan.

World Liberty claimed it was blacklisting one address, believed to be Sun’s, because it was “suspected of misappropriation of other holders’ funds.”

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Read more: Justin Sun clashes with World Liberty Financial over frozen WLFI

Sun, at the time, took to X to claim that his “address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved” and called on World Liberty to “unlock my tokens.”

In total, Sun had approximately 544 million tokens frozen by this action.

At the time, the WLFI token was trading for $0.22 per token, making Sun’s stake worth approximately $119 million.

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Now, the WLFI token trades for approximately $0.09, a fall of approximately 59%.

Sun’s blacklisted stake is currently worth approximately $49 million, a loss of $70 million.

Despite the fact that World Liberty has frozen millions of dollars’ worth of Sun’s wealth, it hasn’t soured his overall relationship with the greater Trump cryptocurrency ecosystem.

The $TRUMP memecoin team recently posted an image that showed that Sun was still at the top of the leaderboard for the upcoming memecoin conference that Trump is planning on hosting/attending/endorsing/profiting from.

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This is despite the fact that those tokens aren’t held in a personal account of Sun’s but in an HTX exchange address.

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Crypto World

XRP Price Flashes Multiple Bottom Signals As Bulls Defend $1.30.

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XRP Price Flashes Multiple Bottom Signals As Bulls Defend $1.30.

XRP (XRP) has been in an eight-month downtrend, with momentum and onchain indicators at levels that previously coincided with macro bottoms.

Data from TradingView reveals that the relative strength index (RSI) of the XRP/BTC ratio is at 24, the most oversold level since October 2025. 

Such low levels in the daily RSI have marked market bottoms for the ratio, ultimately leading to 65% to 345% XRP price breakouts against Bitcoin as seen late 2024 and 2025.

XRP/BTC daily chart. Source: Cointelegraph/TradingView

The chart above also shows that the XRP/BTC pair is trading within a long consolidation range, which has previously acted as a strong launching pad for the ratio.

The last time XRP bottomed against Bitcoin around this zone was in June 2025. It marked the beginning of a 61% increase in the XRP/BTC ratio, accompanying a 92% XRP price rally to a multi-year high of $3.66.

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Other instances shown by the yellow bars in the chart reinforce the reliability of this level in marking macro bottoms for XRP/BTC. 

MVRV Z-Score suggests XRP price is bottoming

XRP’s MVRV Z-score is hovering near zero, a level that historically aligns with accumulation zones and market bottoms.

This indicates that most holders are close to breakeven, reducing sell pressure and signalling potential downside exhaustion. Similar patterns appeared in 2021, 2022 and 2024 before major rallies.

XRP MVRV Z-score vs. price. Source: Glassnode

Note that the last time XRP’s MVRV Z-score fell to similar levels in late 2024 coincided with a macro market bottom at $0.30 and preceded a multi-month rally, with the XRP/USD pair rising 500% to a multi-year high above $3. 

Meanwhile, the 0.80 MVRV pricing band, which has historically marked cycle bottoms, is currently at $1.14, coinciding with a 15-month low reached on Feb. 6.

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XRP: MVRV pricing bands. Source: Glassnode

These onchain metrics suggest that XRP is undervalued and may continue the ongoing recovery, potentially rising toward $1.70 or higher

XRP price must hold above $1.30 

Meanwhile, XRP/USD remains cautiously bullish as long as it holds the $1.25-$1.30 support zone. 

“$XRP is sustaining the major support zone between $1.30-$1.25 levels since early Feb’26,” trader ChiefraT said in an X post on Friday, adding:

“If this zone continues to hold, then a short-term bounce towards $1.45 can’t be ruled out.”

XRP/USD daily chart. Source: Cointelegraph/TradingView

The importance of this support level is reinforced by cost basis distribution. The heatmap below shows that nearly 1.73 billion XRP were acquired around this price.

XRP cost-basis distribution heatmap. Source: Glassnode

Below that, the next line of defence is the $1.15 demand zone, where the 200-week simple moving average is. 

If XRP/USD drops below this level, it would be in a free-fall toward the measured target of the bear flag at $0.80, or 41% below the current price.

As Cointelegraph reported, holding $1.27-$1.30 would be a sign of strength among the bulls who must push the XRP/USD pair toward the $1.61 range high to regain control. 

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