The World Liberty Financial (WLFI) has taken action against potential price manipulation, blacklisting 272 addresses and freezing associated wallets after concerns were raised by the community. WLFI’s investigation follows reports suggesting large token holders may have artificially inflated the asset’s value for profit. This initiative triggered immediate market volatility with WLFI’s price experiencing significant fluctuations. 272 addresses are currently blacklisted, along with Justin Sun’s related wallets as part of the ongoing probe. 272 addresses were blacklisted due to suspicious transactions and reports from community members, prompting investigation into potential market manipulation. The investigation has also resulted in a temporary freeze on assets tied to these addresses. The WLFI team is actively investigating the matter and promising transparency throughout the process. They acknowledge that definitive proof of wrongdoing remains pending, but the possibility of manipulation cannot be entirely ruled out based on community feedback and initial findings. “We believe some very large token holders may have manipulated the price, essentially to lock in profits… We emphasize that we are still exploring and discovering this. But the possibility … is certain … Some community members … believe that the scenario … may have occurred. That would be a huge systemic manipulation. We will investigate this, and it may have caused huge losses in the past few days. But again, there is no hard evidence for this information at present, but we believe that something has indeed occurred in the past few days.” — Ryan Fang, Head of Growth, WLFI. The community’s response to the blacklisting actions has been active, with discussions taking place on platforms like Discord and Telegram. Experts from Coincu emphasize the importance of transparency during such events. They advocate for regulatory oversight and improved market practices to maintain stability and trust in the cryptocurrency ecosystem. These measures aim to address concerns surrounding centralized exchange vulnerabilities, particularly in instances where major exchange wallets hold significant user assets. Market trends indicate increased volatility following these actions, with WLFI’s trading volume increasing by 8.45% over the past 24 hours according to CoinMarketCap. 272 addresses have been blacklisted amid this investigation and market volatility continues to present an important learning opportunity for the industry as a whole.