WLFI Selloff Intensifies After Controversial Authority Vote Begins


WLFI price of World Liberty Financial lost about 17% of its value on Wednesday as a governance decision involving more than 62 billion WLFI tokens was opened to community voting – and the dispute was recently resolved.

Collaborative Reading

The Sign Is Already Deep In The Red

WLFI it was trading at around $0.06 at the time of writing, according to data from CoinGecko. This represents a 70% drop since the token hit the market open, making Wednesday the latest in a long list of losses for holders of a DeFi project linked to the Trump family.

The an idea In the background of the price drop may set strict policies for the purchase of tokens held by early stage investors and insiders. Under the plan, early investors face a two-year lock-in, followed by another two years of gradual release.

Founders, team members, and advisors also get the same two-year privilege but with a three-year vest after that. Voting continues until May 7.

World Liberty Financial established the movement as a manifestation of long-term commitment. “62,282,252,205 WLFI token locks support this idea,” the project said in a post on X. “Nothing affects the market for at least two years if passed.”

Voter Numbers Only Tell Part of the Story

On paper, the vote is going well. As of Wednesday, 99.95% of the votes cast supported the proposal, and the required number of WLFI tokens of 1 billion have already been removed, with 6 billion tokens corresponding to only 3.2 million.

The price of WLFIUSDT shares is 0.06 $. Chart: TradingView

But those numbers don’t paint the whole picture. Criticism has been heavy on X, where responses to the World Liberty announcement were negative.

The vote itself drew a lot of criticism – anyone who doesn’t vote is at risk of having their tokens locked up without a deadline. That canon has been called forced.

Moonrock Capital founder Simon Dedic was one of the most vocal critics. Reports indicate that he compared the request to a pull and asking questions about the timing – the two-year inauguration coincides with the remaining term of US President Donald Trump.

Tron founder Justin Sun, who owns the majority of WLFI, called it one of the most “absurd” ideas he’s ever come across.

Collaborative Reading

International Copyright Protects Design

World Liberty Financial Group said the clothing design was designed to create what it called “a clear image of authority.” They said that the purpose was to keep the signs in the hands of people who are truly committed to the future of the project.

The proposal was first presented to the government on April 15 before a vote this week. World Liberty Financial called it “one of the most important decisions in WLFI’s history.”

Image taken from Unsplash, chart from TradingView





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