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WLFI proposes locking billions of tokens, sparking backlash from major stakeholders including Justin Sun.

Market News
16 Apr 2026
Blockonomi
View Source
Bearish
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World Liberty Financial (WLFI), a crypto venture backed by Donald Trump, introduced a governance proposal to lock over 62 billion tokens for years or permanently for non-compliant holders. This move has drawn strong criticism from key stakeholders like Justin Sun, who claims his 4% stake is frozen, blocking his voting rights, and accuses the proposal of being a power grab by insiders. Other investors also allege deception and misconduct. WLFI defends the plan as necessary for long-term ecosystem health. The voting on this controversial measure will last seven days amid a significant drop in WLFI token price year-to-date.

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