A proposal by World Liberty Financial to unlock 62 billion WLFI tokens is on the verge of passing, with initial voting results showing overwhelming support. The plan involves insiders burning 10% of their holdings, or approximately 4.5 billion WLFI, to initiate a five-year unlocking schedule for the remaining 40.7 billion tokens after a two-year lockup period.
This strategic move introduces a predictable supply timeline and provides a clearer exit strategy for token holders. With 99.5% of voters in favor, the proposal highlights 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, and the top four wallets collectively control around 40% of the total voting power. Meanwhile, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims his tokens were frozen and his governance rights were revoked, allegations the company has denied.