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WLFI COUNTERSUES JUSTIN SUN: LEGAL WAR INTENSIFIES
According to Reuters and BusinessWire (May 4, 2026), WLFI has filed a counterclaim against Justin Sun in Florida court.
WLFI accuses Sun of coordinated defamation, unauthorized token transfers, short selling, and proxy dumping.
Previously, on April 21, 2026, Sun sued WLFI in California, alleging the project froze $75 million of his holdings and stripped his voting rights.
The mutual lawsuits have escalated tensions and put significant pressure on WLFI’s price.
24H MARKET ANALYSIS
1. WLFI (-0.62% 4H)
• Safe Long: Buy pullback 0.0610–0.0620
• Invalidation: Below 0.0600
• Take-Profit: 30-50% at $0.0650 | 50-70% at 0.0670–0.0700
• Key Levels: Supp $0.0587–$0.0510 | Res 0.0671–0.0700
2. TRX (-0.44% 4H)
• Safe Long: Buy pullback 0.3360–0.3380
• Invalidation: Below 0.3320
• Take-Profit: 30-50% at $0.3435–$0.3450
• Key Levels: Supp 0.3320–0.3190 | Res 0.3435–$0.3500
Market: Legal uncertainty is driving volatility in WLFI, with limited direct spillover to TRX. Short-term negative sentiment is expected, but positive court news could spark recovery.
Risk Management: Use max 1-2% capital per trade, tight stops, and diversify. This is not financial advice DYOR.
👉 Will these high-profile DeFi lawsuits clarify governance rules or simply raise legal risks for the sector? 💬
#SunVsWLFILawsuit
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