A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has escalated after Sun denounced a proposed governance overhaul as 'one of the most absurd governance scams' he has encountered. Sun's criticism centers on a proposal that would impose token lockups and vesting schedules on over 62 billion WLFI tokens, with insiders facing a two-year lockup and a potential 10% token burn. Sun alleges that token holders who reject the new terms would have their tokens locked indefinitely, and that he and other large holders have been excluded from the voting process. The project maintains that the proposal aims to 'further align all participants in the WLFI ecosystem for the long-run' and ensure a healthy market supply.
The dispute marks the latest chapter in a months-long feud between Sun and WLFI, which has included accusations of user exploitation and threats of legal action.