A proposal by World Liberty Financial to unlock a substantial 62 billion WLFI tokens has garnered significant support, with voting results indicating a near-unanimous approval. The plan entails a 10% reduction in holdings for founders, team members, and partners, equivalent to approximately 4.5 billion WLFI tokens, which would initiate the unlocking of the remaining 40.7 billion tokens over a five-year period following a two-year waiting period. This strategic move introduces a predictable supply schedule and provides a clearer exit strategy for token holders. With 99.5% of voters in favor, the proposal highlights the concentrated nature of voting power among a select group of large holders, who collectively wield significant influence over the project's governance and tokenomic decisions.
Notably, the largest wallet holds nearly 13% of the voting power, while the top four wallets combined control around 40% of the total voting power, underscoring the potential for major decisions to be driven by a limited number of stakeholders. Meanwhile, World Liberty Financial is also facing a lawsuit from Justin Sun, founder of Tron, who alleges that his tokens were frozen and his governance rights were revoked, claims that the company has denied.