A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to Trump, intensified after Sun condemned a new governance proposal, labeling it as one of the most absurd governance scams he has encountered. Sun alleged that the proposal punishes dissenting token holders by locking their tokens indefinitely and excludes large holders, including himself, from the voting process.
He also questioned the legitimacy of the vote, suggesting that control of the protocol lies with anonymous wallet addresses. The proposal in question would introduce new token lockup terms, affecting over 62 billion WLFI tokens, with insiders facing a two-year lockup and a 10% token burn.
Sun was joined by Simon Dedic, founder of Moonrock Capital, in criticizing the proposal, with Dedic stating that early investors had been 'rugged' by the Trump family. A WLFI spokesperson countered that the proposal aims to align participants for the long term, ensuring healthy market supply. The dispute marks the latest episode in the deteriorating relationship between Sun and WLFI, with tensions escalating over the past months.