Market Updates: Justin Sun Accuses WLFI of Contract Blacklist Misuse, Alameda Moves $16M SOL for FTX Payouts, Aave Labs Secures $25M Funding

Latest Market Updates: As of 13th April 2026.

Justin Sun Accuses WLFI of Contract Manipulation

A major controversy has emerged between Justin Sun and the Trump-linked crypto project WLFI, setting the tone for today’s market developments.

In a post on X, Sun alleges that the platform embedded a hidden blacklist function within its smart contract, which was used to freeze his wallet in September 2025 without prior notice.

As WLFI’s largest investor, Sun has raised broader concerns about the project’s governance. Specifically, he claims that voting mechanisms were structured to justify freezing investor assets. In addition, he alleges that the team extracted undisclosed fees and misused community funds. Sun further describes the operation as functioning like a “personal ATM.”

Data from Bubblemaps indicates that Sun’s frozen holdings total roughly 545 million WLFI tokens, which have declined by more than $80 million in value since the freeze.

However, WLFI has strongly denied the allegations, calling them unfounded and accusing Sun of misconduct. The project has also signaled potential legal action, suggesting the dispute could escalate into court proceedings.

Does anyone still believe @justinsuntron ?

Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct.

Same playbook, different target. WLFI isn’t the first.

We have the contracts. We have the evidence. We have the truth.

See…

— WLFI (@worldlibertyfi) April 12, 2026

XRP Sentiment Falls Into Extreme Fear Zone

While the WLFI dispute dominates headlines, XRP is experiencing a sharp rise in negative sentiment.

Data from Santiment shows that fear, uncertainty, and doubt (FUD) surrounding XRP have reached their third-highest level in two years. In a recent post on X, Santiment noted that such extreme bearish sentiment has historically preceded market rebounds.

At present, XRP is trading at $1.33, down 63.6% from its July 2025 high of $3.65, according to CoinGecko. This prolonged downturn appears to have driven many retail investors out of the market, potentially creating conditions for a sentiment-driven recovery.

Alameda Research Moves $16M SOL for Potential Creditor Repayments

In parallel, developments tied to the FTX bankruptcy continue to unfold. 

Alameda Research has unstaked and transferred approximately $16 million worth of Solana (SOL) tokens to a wallet associated with creditor repayments, according to data from Arkham Intelligence.

This follows a similar transaction about a month ago, reinforcing a pattern of unstaking and reallocating funds. While there has been no official confirmation of imminent payouts, the repeated activity suggests that the repayment process remains active.

Aave DAO Approves $25M Funding Plan for Aave Labs

Amid these developments, decentralized finance continues to push forward. 

The Aave DAO has approved a major funding package for Aave Labs under its “Aave Will Win” initiative, with nearly 75% of voters supporting the proposal. The plan allocates $25 million in stablecoins over 12 months, along with 75,000 AAVE tokens that will vest over four years.

This dual-structure approach aims to sustain operations while aligning long-term incentives. Notably, this vote addresses only the funding component, with additional proposals related to product expansion and ecosystem growth expected in future governance rounds.

Michael Saylor Outlines Bitcoin-Backed Dividend Strategy

Rounding out today’s updates, Michael Saylor has outlined a strategy linking dividend sustainability to Bitcoin’s long-term growth.

In a post on X, Saylor suggested that an annual increase of just 2.05% in Bitcoin’s value could allow MicroStrategy to sustain dividend payments indefinitely. Company data indicates that current reserves could cover dividends for approximately 48.7 years.

Our BTC Breakeven ARR is ~2.05%. If Bitcoin grows faster than that over time, we can cover our dividends indefinitely without issuing new $MSTR shares. Track it in real time on our site. $STRC

— Michael Saylor (@saylor) April 12, 2026

MicroStrategy currently holds 766,970 BTC, acquired at an average price of $75,648, with total holdings valued near $54.58 billion. Its preferred stock, STRC, offers an annual yield of 11.5%, trades near its $100 par value, and pays dividends monthly.

Importantly, proceeds from these issuances are reinvested into Bitcoin, reinforcing the company’s long-term accumulation strategy.