Claim say dem blacklist am cos WLFI backdoor start gbege wit The Sun and fit risk contract
TRON founder Justin Sun don escalate him beef wit Trump-backed World Liberty Financial (WLFI) by dey claim say WLFI smart contracts get "backdoor blacklisting function." E talk say issuer fit freeze, restrict, or basically katch holders rights without notice or correct recourse — "the opposite of decentralization." WLFI deny the claims, challenge Sun make e show contract evidence, and reportedly yan "See you in court" legal threat. Traders still dey watch WLFI DeFi moves: WLFI deposit about $429M (≈$5B in WLFI tokens) as collateral on Dolomite and borrow $75M in USDC. Lending rates reportedly spike to ~13.5% and liquidity pools drain, make some users no fit withdraw stablecoins for small time. WLFI later talk say dem repay $25M in USD1 and WLFI bounce small to around $0.07997 (+~1% over 24h). Still, the token remain under heavy pressure long-term, with bearish momentum signals cited (e.g., RSI/MACD) and sharp 90-day drawdown. For WLFI traders, the main worry na the rising contract and regulatory FUD about the "backdoor blacklisting function" claim, plus liquidity/leverage dynamics wey fit quickly affect withdrawals and price volatility.
Bearish
Di parol say "backdoor blacklisting function" na tok implicate WLFI core trust assumptions (di ability fo freeze/restrict funds wit unclear governance an no clear way fo complain). Even wen WLFI deny am, legal escalation ("See you for court") dey keep contract/regulatory risk premium high, wey de pressure sentiment.
Plus di FUD, WLFI DeFi collateral/borrowing activity coincide wit spike for lending rates an liquidity pool drain, wey fit pressure stablecoin withdrawal flows an amplify sell pressure wen liquidity tight. Even though later dem repay USD1 an small rebound reduce short-term panic, di broader long-term weakness an di bearish momentum wey dem mention support negative bias for WLFI for short-to-medium term.