{"id":158841,"date":"2026-04-30T17:00:44","date_gmt":"2026-04-30T17:00:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=158841"},"modified":"2026-04-30T17:00:44","modified_gmt":"2026-04-30T17:00:44","slug":"wlfi-selloff-deepens-after-controversial-governance-vote-goes-live","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=158841","title":{"rendered":"WLFI Selloff Deepens After Controversial Governance Vote Goes Live"},"content":{"rendered":"

World Liberty Financial\u2019s native token WLFI lost<\/a> roughly 17% of its value on Wednesday as a governance proposal affecting more than 62 billion WLFI tokens officially opened for community voting \u2014 and the backlash was immediate.<\/p>\n

A Token Already Deep In The Red<\/h2>\n

WLFI<\/a> was trading at around $0.06 at the time of writing, according to data from CoinGecko. That marks a 70% drop since the token first reached open markets, making Wednesday\u2019s selloff the latest in a long string of losses for holders of the Trump-family-linked DeFi project.<\/p>\n

The proposal<\/a> behind the price drop would impose strict vesting schedules on tokens currently held by early investors and insiders. Under the plan, early investors face a two-year lockup cliff, followed by two more years of gradual release.<\/p>\n

Founders, team members, and advisers get the same two-year cliff but with a three-year linear vest after that. Voting<\/a> runs through May 7.<\/p>\n

Token unlock proposal is now live for vote. This is one of the most significant governance proposals in WLFI history. Here\u2019s what\u2019s at stake.<\/p>\n

\u2014 WLFI (@worldlibertyfi) April 29, 2026<\/a><\/p>\n

World Liberty Financial<\/a> framed the move as a show of long-term commitment. \u201c62,282,252,205 locked WLFI tokens are subject to this proposal,\u201d the project said in a post on X. \u201cNone of it touches the market for a minimum of two years if passed.\u201d<\/p>\n

Voting Numbers Tell Only Part Of The Story<\/h2>\n

On paper, the vote is going well. As of Wednesday, 99.95% of cast votes supported the proposal, and the required quorum of 1 billion WLFI tokens had already been cleared, with 6 billion tokens in favor and just 3.2 million against.<\/p>\n

But those numbers don\u2019t capture the full picture. Criticism has been loud on X, where replies to World Liberty\u2019s announcement were largely negative.<\/p>\n

The voting structure itself drew sharp criticism \u2014 anyone who does not cast a vote risks having their tokens locked up with no end date. That mechanic has been widely called coercive.<\/p>\n

All the $WLFI<\/a> early investors who thought they were sitting on solid profits just got rugged, by the Trump family themselves.<\/p>\n

This essentially gives them another shot at squeezing the same lemon they\u2019ve been inflating with hot air for the past two years. Which, what a surprise,\u2026 https:\/\/t.co\/yLSNcfeZlm<\/a><\/p>\n

\u2014 Simon Dedic (@sjdedic) April 15, 2026<\/a><\/p>\n

Moonrock Capital founder Simon Dedic was among the most pointed critics. Reports indicate he compared the proposal to a rug pull<\/a> and raised questions about the timing \u2014 the two-year unlock period lines up with the remainder of US President Donald Trump\u2019s time in office.<\/p>\n

Tron founder Justin Sun, who holds a significant amount of WLFI, called it one of the \u201cmost absurd\u201d proposals he had ever come across.<\/p>\n

World Liberty Defends The Structure<\/p>\n

The team behind World Liberty Financial said the vesting design was built to create what they described as a \u201cmore clear, bounded picture of governance preferences.\u201d The goal, they said, was to keep tokens in the hands of people who are genuinely committed to the project\u2019s future.<\/p>\n

The proposal was first submitted to the governance community on April 15 before going live for voting this week. World Liberty Financial called it \u201cone of the most significant governance proposals in WLFI history.\u201d<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

World Liberty Financial\u2019s native token WLFI lost roughly 17% of its value on Wednesday as a governance proposal affecting more than 62 billion WLFI tokens officially opened for community voting \u2014 and the backlash was immediate. A Token Already Deep In The Red WLFI was trading at around $0.06 at the time of writing, according […]<\/p>\n","protected":false},"author":0,"featured_media":158842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-158841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/158841"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=158841"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/158841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/158842"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=158841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=158841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=158841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}