Two days ago, Sun Yuchen posted a tweet claiming that the world's free finance violates decentralization promises.

I'll analyze the event from my perspective.
This article only represents personal opinions.
September 2025 $WLFI officially launched with the first unlock.
The project team updated the smart contract, setting Sun Yuchen's wallet as a third-class unlock category.
Only Sun Yuchen was assigned to this unlock category, meaning 20% of locked tokens were unlocked at once when WLFI went live.
In early September, HTX launched a limited-time 20% annual interest rate staking for WLFI.
On September 4th, over 50 million WLFI tokens were transferred from Sun Yuchen's wallet to HTX.
Sun Yuchen explained it as a normal asset transfer.
In the following days, WLFI's price plummeted below 0.17.
Although there is no concrete evidence proving that Sun Yuchen "maliciously manipulated the token price through retail WLFI staking," his actions are suspicious.
After the incident, the 80% of WLFI tokens not yet unlocked by Sun Yuchen were permanently frozen.
In early April 2026, the multi-signature wallet of the WLFI project used 5 billion WLFI tokens as collateral on Dolomite to borrow about 75 million USD stablecoins, including a large amount of USD1 and a small amount of USDC.
Subsequently, the five signers of WLFI used these stablecoins to operate USD1/USDC circular loans.
There is no conclusive evidence that the price manipulation was caused by Sun Yuchen.
The WLFI project team exercised the smart contract guardian rights to freeze his assets and embezzled a huge amount of WLFI to participate in circular lending for profit.
Is this the community governance decentralization project of the Trump family? Haha.
Openly violating the project white paper, bullying our weak Sun brother.
This time, I stand on Sun brother's side. $WLFI ‌#Gate广场四月发帖挑战