Theo Bubblemaps, the locked token amount $WLFI of Justin Sun has currently decreased in value by approximately 60 million USD since WLFI was listed in September.
The situation began when World Liberty placed Justin Sun on the blacklist after recording a transaction moving approximately 9 million USD WLFI. Sun's side responded very quickly, asserting his innocence and claiming no violations of any project regulations.
However, since going public, WLFI has decreased by more than 40%, dragging down the value of locked positions including that of Justin Sun. Since the tokens are locked, they cannot be sold, it can be said that until it is closed, there is no loss, but the figure of 60 million is not a small pressure, my friends.
That's when we see that we should be extremely careful with new types of tokens because the risks are not only related to the price but also to liquidity, token lock mechanisms, and internal governance factors of the project. Especially when the token mechanism or the team behind the project is ambiguous, we should just get rid of it rather than stubbornly holding on to it.
The lesson from the sharks, and we should also take note!