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WLFI token vote forced holders to accept vesting or face frozen assets, sparking controversy and price drops.

Market News
01 May 2026
Blockonomi
Bearish
pluang ai news

The World Liberty Financial (WLFI) governance vote required 18,000 token holders to accept a vesting schedule or have their assets frozen indefinitely, with no appeal option. Four wallets controlled 40% of the vote, and one address alone exceeded the quorum threshold, raising conflict-of-interest concerns. Founders retained 40.7 billion tokens worth $3.2 billion after burning only 4.5 billion, a 1:9 burn-to-retain ratio. The token price has dropped 65% since launch, and upcoming token unlocks may push prices below five cents, wiping out profits for remaining holders. The vote's 99.5% approval rate is seen as coerced, reflecting frustration and legal threats among holders.

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