Justin Sun's locked WLFI holdings lose $60M in value

The value of Tron (TRX) founder Justin Sun's locked holdings in World Liberty Financial (WLFI) has plummeted by approximately $60 million, The Block reported, citing data from Bubble Maps. Sun initially acquired $75 million worth of WLFI between last November and January of this year. However, his assets were frozen by the World Liberty Financial team after he transferred about $9 million worth of the tokens to another address in September. The team has refused to unfreeze the holdings, citing allegations of price manipulation against Sun.