WLFI Selloff Deepens After Controversial | Crypto News
World Liberty Financial’s native token WLFI misplaced roughly 17% of its worth on Wednesday as a governance proposal affecting more than 62 billion WLFI tokens formally opened for neighborhood voting — and the backlash was instant.
A Token Already Deep In The Red
WLFI 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’s selloff the latest in a long string of losses for holders of the Trump-family-linked DeFi project.
The proposal behind the price drop would impose strict vesting schedules on tokens presently held by early buyers and insiders. Under the plan, early buyers face a two-year lockup cliff, adopted by two more years of gradual release.
Founders, crew members, and advisers get the same two-year cliff but with a three-year linear vest after that. Voting runs through May 7.
Token unlock proposal is now live for vote. This is one of the most vital governance proposals in WLFI historical past. Here’s what’s at stake.
— WLFI (@worldlibertyfi) April 29, 2026
World Liberty Financial framed the transfer as a show of long-term dedication. “62,282,252,205 locked WLFI tokens are subject to this proposal,” the project said in a post on X. “None of it touches the market for a minimum of two years if passed.”
Voting Numbers Tell Only Part Of The Story
On paper, the vote goes nicely. As of Wednesday, 99.95% of solid 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.
But those numbers don’t seize the full image. Criticism has been loud on X, where replies to World Liberty’s announcement had been largely unfavourable.
The voting construction itself drew sharp criticism — anybody who doesn’t solid a vote dangers having their tokens locked up with no end date. That mechanic has been widely called coercive.
All the $WLFI early buyers who thought they had been sitting on stable earnings just obtained rugged, by the Trump household themselves.
This basically offers them another shot at squeezing the same lemon they’ve been inflating with scorching air for the past two years. Which, what a shock,… https://t.co/yLSNcfeZlm
— Simon Dedic (@sjdedic) April 15, 2026
Moonrock Capital founder Simon Dedic was among the most pointed critics. Reports point out he in contrast the proposal to a rug pull and raised questions about the timing — the two-year unlock period traces up with the rest of US President Donald Trump’s time in workplace.
Tron founder Justin Sun, who holds a vital quantity of WLFI, called it one of the “most absurd” proposals he had ever come across.
World Liberty Defends The Structure
The crew behind World Liberty Financial said the vesting design was constructed to create what they described as a “more clear, bounded picture of governance preferences.” The purpose, they said, was to keep tokens in the palms of people who are genuinely dedicated to the project’s future.
The proposal was first submitted to the governance neighborhood on April 15 before going live for voting this week. World Liberty Financial called it “one of the most significant governance proposals in WLFI history.”
Featured image from Unsplash, chart from TradingView
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