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 claims the proposal is designed to punish token holders who vote against it, with those who dissent facing indefinite token lockups.
He also alleges that he and other large token holders have been excluded from the voting process, with around 4% of the voting power under his control being frozen. The proposal in question would introduce multi-year token lockups and vesting schedules for over 62 billion WLFI tokens, with insiders facing a two-year lockup and a 10% token burn. Sun argues that this is not a genuine governance proposal, but rather an attempt by a select few to consolidate power and expropriate property.
WLFI, on the other hand, claims that the proposal is intended to align all participants in the ecosystem for the long term and ensure healthy market supply. The dispute between Sun and WLFI has been ongoing for months, with tensions escalating after WLFI blacklisted a blockchain address linked to Sun and he accused the project of exploiting users through DeFi transactions.