Justin Sun's WLFI token value drops

Justin Sun's frozen WLFI token holdings have experienced a substantial decline, losing over $11 million in value. This drop occurred as World Liberty, the project behind WLFI, attempted to quell concerns regarding its recent borrowing activities. The WLFI token has seen a significant price decrease, falling 15% in 24 hours and over 74% since its launch. Sun had previously invested $30 million and accumulated a position worth approximately $75 million, but his tokens were blacklisted last year, preventing any sales.