2025-12-10 22:20:34

The crypto world has never lacked drama, and this time the protagonist is still that popular Mr. Sun. A transfer of $9 million USD resulted in his holdings worth $107 million USD being directly sent to the "cold storage," instantly making WLFI a center of turbulence. Retail investors panicked, large investors watched cautiously, and even regulators came to see the excitement — this storyline is more dramatic than anything Hollywood would dare to film.

It all started from the beginning. Recently, the crypto market has been quite unstable, with the shadow of Federal Reserve interest rate hikes still looming, and mainstream cryptocurrencies struggling in the mud. At this critical moment, a Ethereum address controlled by Sun Yuchen suddenly became active: three transfers within 72 hours, totaling 12 million WLFI tokens, with 9 million sent to the hot wallet of a well-known platform.

Initially, everyone thought it was just routine fund movement, but unexpectedly, the WLFI project team immediately activated their risk control mechanism, blacklisting Mr. Sun's address, and freezing 595 million tokens (worth $107 million USD) instantly.

The market's reaction? Describing it as a "bloodbath" wouldn’t be an exaggeration. WLFI's price plummeted from $0.182 to $0.156 within 24 hours, a drop of over 14%, with a market cap evaporating by $230 million. Currently, the price is hovering between $0.16 and $0.17, already halving from the previous high, a 22% decline.

What’s even more interesting is the public spat between the two sides. The WLFI team portrayed themselves as justice advocates: "To maintain market fairness and prevent large-scale sell-offs from disturbing liquidity." As for Mr. Sun? He posted five dynamic updates on social media, claiming he was merely "testing the deposit function," with the 9 million tokens representing less than 0.3% of circulating supply, and he hadn't touched the secondary market at all.

WLFI-4.36%

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MevShadowranger

· 12-13 02:02

This situation is amazing, the project team directly freezing holdings is really ruthless. Why didn't Teacher Sun think he would be blacklisted? Another palace intrigue in the crypto circle, retail investors at the bottom. $107 million just disappeared out of thin air, who dares to move such a large position? This time is truly a "test" crash site. The term "cold palace" is used so perfectly, it directly nails people down. I just want to know if the WLFI risk control mechanism can still be trusted in the future. A 22% slash... another round of leek-cutting. The project team claims it to be noble and just, but isn't it just afraid of a dump? Teacher Sun's social media hard stance this time couldn't save the situation; the token has already been frozen. Is this called too much power? Blockchain can't even defend against this.

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TokenToaster

· 12-12 23:41

Oh no, here we go again. The drama of big players being frozen never gets old. Teacher Sun really went all out this time. A single cold wallet decision directly wiped out the market. Basically, the project team chickened out. Otherwise, why would they rush to take action? Testing deposit functions? Haha, I don’t buy it. They’ve already transferred everything to the exchange hot wallets and are just making excuses. Less than 0.3% can be frozen? Who dares to heavily invest in such projects in the future? Watching retail investors wail below, I just want to laugh. I should have run long ago. The game between the project team and big players, and we’re always caught in the middle as the little guys. This WLFI trend is definitely a 50% drop. Anyone willing to take the bait? I don’t see it. Is this what you call risk control? I think it’s just abuse of power. The blacklist tactic is truly creative. Freezing 107 million, I’d be furious too. Teacher Sun’s five tweets are quite satisfying. The mirror image in the crypto world is just a reflection of reality. Big players playing with fire will always get burned. Heard there will be a lawsuit? Wow, this is the real beginning of the big show.

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GmGnSleeper

· 12-11 07:34

Here it is again, I've heard this set of excuses at least three times --- Losing a hundred million just like that, hilarious, crypto gossip is always the funniest --- Testing deposit function? Brother, your excuse is too perfunctory --- The WLFI team's move is a bit ruthless, but we have to see how they handle it afterward --- It's always like this, when big players move, the market explodes; retail investors who should have cut losses have already run --- Freezing tokens and blacklisting, is this still decentralized? --- Frozen coins and blacklists again, is this still decentralized? --- They really lost their hundred million coins, unbelievable --- Basically, it's a power struggle between the project team and major holders, retail investors are caught in the crossfire --- WLFI's price will still fall further, the turning point hasn't even arrived

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OfflineNewbie

· 12-10 22:42

Damn, it's Teacher Sun again? How does this guy keep coming up with new tricks? 107 million dollars just went down the drain, I'm jealous. Just freeze it if you want, I don't have that many coins frozen anyway. "Testing deposit function"? Haha, that's a perfect excuse, I should learn from it too. This price cut by more than half, WLFI project is completely finished, retail investors are bleeding. 90 million still dare to say it doesn't affect the secondary market? Market cap evaporated by 230 million, did the math teacher teach you that? That's how the crypto world is, big shots cutting the leeks, project teams coming to save the day, and in the end, it's still us retail investors who suffer. Why are project teams now so ruthless? Direct blacklisting and freezing, feels like too much power, a bit scary. If this really is a "test," then my investments are also "testing to make money," why does no one believe that? Another good show, waiting for the subsequent reversal.

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Anon32942

· 12-10 22:42

Haha, Teacher Sun is back to feed the crypto circle some gossip. This script is too outrageous. Freezing 107 million? The project team’s risk control is excellent, but it feels a bit too powerful. 900 million just for a test? If I trust you, I’d be crazy. The recent drop of WLFI has retail investors bleeding heavily... big players already ran away. Blaming each other on both sides, the underlying bagholders are the ones who suffer; this is still the same old routine in the crypto world. They do anything just for traffic, no wonder regulatory authorities have been keeping a close eye. Where is the promised decentralization? The freezing rights are in the hands of the project, how ironic. Teacher Sun might have really stepped into a trap this time; let's wait and see what happens next. A 14% drop is relatively minor; the key is once this trust collapses, WLFI might be finished. Testing deposits, I also want to experience what freezing feels like.

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OldLeekMaster

· 12-10 22:25

Ha, Professor Sun really got frozen this time. 107 million USD just disappeared Same old excuse, "testing functionality," who believes that? WLFI's move—freezing big accounts, do retail investors still have to take the hit? Laughable This crypto world, the plot is more exciting than Hong Kong films, and it's the retail investors who pay the price 107 million directly sent to the cold storage, how do you reckon this account will be settled? The project team dares to make a move, freezing such large holdings, there’s more drama to come No need to pay to watch the show this time, just sit back and enjoy the spectacle From 0.182 to 0.156, halving in 24 hours, who can withstand that? Professor Sun strongly criticized five points, the more he said, the darker it gets, which is a bit outrageous WLFI's risk control this round—other projects should learn from this to prevent big accounts from crashing the market The market reacted so strongly, it shows everyone is panicking, retail investors ran the fastest This is the crypto world—today they’re talking about prospects, tomorrow they’ll freeze your assets

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