A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified after Sun condemned a new governance proposal. Sun alleged that the proposal, which aims to overhaul token lockups, is designed to punish token holders who vote against it by locking their tokens indefinitely. He also claimed that he and other large token holders had been excluded from the voting process, with around 4% of the voting power under his control being frozen.
The proposal in question would subject over 62 billion WLFI tokens to new terms, including multi-year lockups and vesting schedules, with insiders facing a two-year lockup and a 10% token burn. Sun argued that this proposal is not genuine governance but rather an attempt by a select few to consolidate power and expropriate property.
The WLFI project countered that the proposal is intended to align all participants in the ecosystem for the long term and ensure a healthy market supply. The dispute marks the latest escalation in the breakdown of relations between Sun and WLFI, which has been building over months and includes accusations of user exploitation and legal threats.