Justin Sun's WLFI holdings have depreciated by approximately $60 million since September, following a significant token price drop. This decline comes after World Liberty Financial froze 272 wallets, including Sun's, due to alleged phishing and suspicious activities. On-chain analysis from Bubblemaps and Arkham indicates that the freeze has persisted for three months. Sun has denied any wrongdoing, labeling the freeze as unreasonable, while the incident fuels ongoing discussions about transparency in tokenized finance.