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WLFI token drops 14% amid controversial governance vote on 62B token vesting rules

Protocol Fundamentals
30 Apr 2026
Blockonomi
View Source
Bearish
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World Liberty Financial's WLFI token fell nearly 14% after launching a governance vote on vesting terms for 62 billion tokens. The proposal enforces a two-year lockup followed by extended vesting for founding members, advisors, and early supporters, aiming to replace indefinite restrictions with clear timelines. Despite 99.95% vote approval, social media shows strong backlash from early investors and notable critics like Tron founder Justin Sun. If approved, about 4.5 billion tokens could be burned, and holders who abstain face permanent lockup, raising concerns about fairness and transparency.

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