Behind the blacklist controversy of $WLFI, what we should really see is Sun Yuchen's debate on whether "the rules themselves are reasonable"—this is precisely the wake-up call the industry needs. A $9 million test transfer was defined as "market manipulation," and $100 million in assets were instantly frozen by the project team. When the project team holds the centralized power to arbitrarily blacklist addresses, the so-called decentralization is merely talk. Sun Yuchen's response: "The private rights of tokens are sacred and inviolable." As an early investor who put in $75 million, his transfer operation was confirmed by on-chain data to not involve any selling, but was merely a routine address test. Yet, the WLFI team froze assets with the statement of "maintaining market stability," which reveals the fatal issue of token centralization (83% control). The real risk is not the transfer, but the project team's overstepping freezing power 🚫 #BlockchainGrowth #SunYuchen #WLFI...
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