A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has escalated after Sun criticized a new governance proposal. Sun accused the project of designing a vote that punishes token holders who dissent, with those who vote against the proposal risking indefinite token lockups. He also claimed that he and other large token holders had been excluded from the process, alleging that tokens representing around 4% of the voting power under his control had been frozen. The proposal in question would overhaul token lockups across the WLFI ecosystem, with over 62 billion tokens subject to new terms, including multi-year lockups and vesting schedules.
Insiders, such as team members and advisors, would face a two-year lockup, followed by a three-year gradual release, and a 10% token burn upon opting in. Sun argued that the proposal is not a genuine governance effort, but rather an attempt by a select few to consolidate power and expropriate property. WLFI, on the other hand, claims that the proposal is designed to align all participants in the ecosystem for the long term, ensuring healthy market supply. The dispute marks the latest episode in the breakdown of relations between Sun and WLFI, with tensions building over the past few months.
The feud has been marked by accusations of exploitation and misconduct, with both parties trading barbs on social media.