A proposal by World Liberty Financial to unlock 62 billion WLFI tokens is on track to pass with overwhelming support, having already surpassed the required quorum with near-unanimous backing. The plan involves insiders, including founders and partners, relinquishing 10% of their token holdings, approximately 4.5 billion WLFI, to initiate a five-year unlocking schedule for the remaining 40.7 billion tokens following a two-year waiting period. As a result, no tokens will enter the market for at least two years, introducing a predictable supply schedule and a clearer exit strategy for holders. The vote has garnered 99.5% support, underscoring the concentrated nature of WLFI's governance, where a small group of major holders wield significant influence over tokenomic decisions.
Notably, the largest wallet holds nearly 13% of the voting power, while the top four wallets collectively control around 40% of the total voting power, sufficient to sway outcomes independently. Meanwhile, World Liberty Financial is embroiled in a lawsuit with Tron founder Justin Sun, who alleges that his tokens were frozen and his governance rights revoked, claims that the company has disputed.