A public feud between Justin Sun, founder of Tron, and WLFI, a crypto project linked to the Trump family, has intensified after Sun strongly denounced a new governance proposal. Sun claimed the proposal is designed to punish token holders who vote against it by locking their tokens indefinitely.
He also alleged that he and other major holders have been excluded from the voting process, with tokens worth around 4% of the voting power under his control being frozen. The proposal in question aims to overhaul token lockups across the WLFI ecosystem, affecting over 62 billion tokens with new terms including multi-year lockups and vesting schedules. Token holders who do not accept the new terms would remain locked indefinitely. Sun accused the project of engineering a power consolidation operation, stating that the proposal is not a genuine governance effort but rather an exercise of power by a select few.
The WLFI project countered 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 escalation in the feud between Sun and WLFI, which has been building for months and includes allegations of user exploitation and threats of legal action.