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WLFI token plunges 23% after proposal to unlock 62.3B tokens gains near-unanimous approval.

Protocol Fundamentals
30 Apr 2026
Finbold
View Source
Bearish
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World Liberty Financial (WLFI), a crypto project backed by Donald Trump, saw its token price drop 23% after a governance proposal to unlock 62.3 billion previously locked tokens was approved with 99.93% votes. This move caused the market cap to fall by over $247 million, fueling bearish sentiment among investors. The project faces criticism over tokenomics, including a lawsuit from Tron founder Justin Sun alleging wrongful token freezes and concerns over the team using tokens as collateral for large loans. Investor backlash continues as the team’s financial maneuvers raise alarm about transparency and token value stability.

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