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CryptoQuant CEO Ki Young Ju publicly backed Justin Sun regarding the disposition of unlocked tokens, arguing that token sales fall within normal liquidity management and that accountability should rest with the WLFI Foundation after its alleged debanking actions. The statement frames the disagreement as a governance and custody dispute rather than an on-chain compliance breach.
Earlier commentary from Sun emphasized WLFI’s strategic importance and a stated intent not to rapidly liquidate unlocked holdings. On September 5, World Liberty reportedly blacklisted Sun’s address, freezing 540 million unlocked tokens and 2.4 billion staked tokens, citing concerns that an exchange may have used user assets to exert selling pressure.
Justin Sun subsequently called for the release of frozen WLFI balances and announced plans to purchase $10 million of ALTS and $10 million of WLFI on the market, signaling a bid to restore liquidity and market confidence amid the ongoing custody dispute.
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