WLFI token sales reveal 5.9B private allocations amid 80% investor lockups and 90% price drop

WLFI token sales have drawn scrutiny after 5.9 billion tokens were privately allocated post-fundraising, raising transparency concerns. About 80% of early investor holdings remain locked, restricting liquidity, while tokens are also used as collateral in borrowing to access liquidity without market selling. The token's value has dropped over 90%, with continued downside pressure on related assets. Governance proposals may extend vesting timelines, impacting future liquidity and investor participation.