The World Liberty Financial (WLFI) token is at the center of controversy following allegations of manipulation and a series of blacklists. The project claims large holders and exchanges are artificially driving down prices through strategic selling and shorting. This has led to concerns about market integrity and prompted WLFI’s action, including blacklisting prominent figure Justin Sun and freezing millions in tokens. WLFI Growth Lead Ryan Fang alleges that whales and CEXs have moved user tokens to higher-liquidity platforms, likely contributing to price drops and aggressive short selling. 540 million unlocked and 2.4 billion locked WLFI tokens were recently frozen by the project after Justin Sun’s $9 million transfer to HTX exchange. This follows a price plummet to $0.1611 last week, with community members raising concerns about liquidity issues and unlock schedules favoring insiders. The team’s response has been met with mixed reactions, with some applauding the efforts to protect retail investors while others criticize the actions as centralized overreach within a supposed DeFi ecosystem. This situation raises questions about governance and power dynamics in Web3. WLFI now navigates this storm with partnerships and product launches still pending, hoping to regain trust and secure its future.