In the crypto assets field, a captivating event is taking place. The World Liberty Financial (WLFI) project, a cryptocurrency associated with the Trump family, recently made a controversial decision. They blacklisted the wallet address of TRON founder Justin Sun, freezing WLFI tokens worth over $100 million. This move has sparked widespread discussion in the crypto world.

This event led to a significant drop in the price of WLFI Token, and also raised questions about the centralized management approach of the project. Some believe that Sun Yuchen's actions caused market turmoil, but the reality may not be that simple.

Through the analysis of on-chain data, we found that two large fund flows closely related to this event pointed to the Binance exchange and a Wallet named Tron Dao, respectively. It is worth noting that Tron Dao ranks 17th in the WLFI holdings ranking, and its account has been locked.

Further investigation into the Tron Dao Wallet (Address: 0x5AB26169051d0D96217949ADb91E86e51a5FDA74) activities did not reveal any obvious large-scale selling behavior. This finding seems inconsistent with the accusations against Sun Yuchen of 'dumping'.

Currently, the popular wallet holding the most WLFI is Huobi 48, with the address 0xa03400E098F4421b34a3a44A1B4e571419517687. This data provides us with important clues to understand the entire event.

This event highlights the complexity and volatility of the crypto assets market. It involves not only technical and financial factors but also aspects such as project management, market trust, and personal reputation. As the situation develops, we need to remain objective and continue to pay attention to the disclosure of more details in order to fully understand the nature of this controversial event.