World Liberty Financial's plan to unlock 62 billion WLFI tokens is on track to pass with overwhelming support, as initial voting results surpass the required quorum with near-unanimous backing. The proposed plan involves founders, team members, 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 lockup period. As a result, no tokens will enter the market for at least two years, marking a significant shift in WLFI's valuation structure by replacing indefinite lockups with a predictable supply schedule and providing a clearer exit strategy for holders. With 99.5% of voters supporting the proposal, the outcome highlights the concentrated voting power among a small group of major holders, with the largest wallet holding nearly 13% of the votes cast and the top four wallets collectively controlling around 40% of the total voting power.
Furthermore, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims that his tokens were frozen and his governance rights were revoked, allegations that the company has denied.