A proposal by World Liberty Financial to release 62 billion WLFI tokens is on the verge of passing with overwhelming support, as initial voting results surpass the required threshold with near-unanimous backing. The plan involves a 10% burn of holdings by 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 lockup.
As a result, no tokens will enter the market for at least two years, introducing a predictable supply schedule and providing a clearer exit strategy for holders. The move has garnered 99.5% support, underscoring the concentrated nature of WLFI's governance, where a small group of large holders wield significant influence over tokenomic decisions. The largest wallet holds nearly 13% of the votes, while the top four wallets collectively control around 40% of the total voting power, allowing them to substantially shape outcomes. Meanwhile, WLFI 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.