The tweet was deleted by the author.
But we saved everything 🙂.
WLFI falls 14% amid controversial token lockup proposal
World Liberty Financial’s WLFI token experienced a sharp decline after the project proposed locking up more than 62 billion tokens for up to five years. The controversial plan, which received near-unanimous support in governance voting, has drawn heavy criticism from the crypto community, with many calling it unfair and self-serving.
Highlights
- WLFI proposed locking over 62 billion tokens for up to five years.
- The plan received 99.95% approval in governance voting.
- The token dropped 13.6% in 24 hours amid strong community backlash.
Details of the proposal
According to Cointelegraph, the governance proposal, first introduced on April 15 and opened for voting on Wednesday, calls for locking over 62 billion WLFI tokens held by early investors and insiders for two years, followed by a gradual unlock over the next two to three years.
Voting is scheduled to end on May 7. As of the latest update, 99.95% of votes were in favor, easily surpassing the required quorum of 1 billion tokens.
Community backlash
The plan has sparked widespread outrage on social media. Critics argue it offers no real choice, as non-voters risk having their tokens locked indefinitely. Prominent figures such as Moonrock Capital founder Simon Dedic and Tron founder Justin Sun have publicly condemned the proposal.
Dedic described it as one of the biggest obstacles to meaningful crypto regulation in the U.S., while Sun called it one of the most “absurd” ideas he had ever seen.
Market reaction
The controversy has taken a toll on the token’s price. WLFI fell 14.01% in the last 24 hours and is currently trading at approximately $0.06310.
Since its public launch, the token has lost about 72.8% of its value.
Why the WLFI сontroversy matters
The WLFI controversy highlights ongoing concerns about governance, transparency, and conflicts of interest in projects linked to high-profile political figures.
As the crypto industry seeks greater legitimacy and regulatory clarity in the United States, such incidents risk damaging public trust and complicating efforts to pass comprehensive legislation like the CLARITY Act.
In an earlier report, we noted that WLFI threatens Justin Sun with a lawsuit over a $75 million DeFi loan.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
