🚨 Rumors Around Justin Sun and WLFI Crash Put to Rest In t
ParvezMayar
Updated at: 4 hours ago
{"content":"🚨 Rumors Around Justin Sun and WLFI Crash Put to Rest
In the hours following WLFI’s sharp price collapse, speculation quickly spread that TRON founder Justin Sun was behind the sell-off. The theory gained traction online, painting Sun as the trigger for one of the project’s most turbulent moments since launch.
However, blockchain analytics firm Nansen stepped in to clarify the sequence of events. According to CEO Alex Svanevik, Sun’s token transfer occurred only after the market had already begun sliding. The data shows the largest decline happened well before Sun moved his holdings, undermining claims that he was the cause.
Nansen’s findings also pointed to earlier activity from market makers, with large transfers to trading desks aligning more closely with the timing of the initial drop. In other words, the chain of evidence suggests systemic selling pressure, not Sun’s actions—sparked the crash.
The clarification adds an important layer of nuance to an already heated debate. While Sun remains entangled in the ongoing dispute with $WLFI over frozen assets, his role in the crash itself appears overstated. For WLFI, the episode highlights deeper concerns: governance decisions, transparency, and how projects handle crises in the public eye.
As the dust settles, one takeaway is clear, on-chain data offers the most reliable account of what really happened, even when narratives in the market suggest otherwise.
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