WLFI▲$0.0591 price hit a new low as a controversial governance vote turned a long-running unlock dispute into a louder community fight.
World Liberty Financial’s WLFI token dropped more than 15% after a controversial governance vote turned a long-running unlock fight into a louder community backlash.
WLFI fell to about $0.0619 on April 30, touching a new all-time low, according to CoinGecko data. The token’s market value slid to about $1.97 billion, with WLFI down roughly 37% over 30 days.
For early supporters who bought locked WLFI, the plan would move up to 17.04 billion tokens into a two-year cliff followed by a two-year linear vesting schedule.
Those holders would wait two more years before anything starts unlocking. Then, they’d have to wait another two years before the full amount becomes available.
Read also: WLFI and Justin Sun Conflict: From $75 Million Investment to Lawsuit Threat
But the plan is even tougher for founders, team members, advisers and partners. Up to 45.2 billion WLFI from that group would move into a two-year cliff followed by a three-year linear vest. At the same time, up to 4.5 billion WLFI would be permanently burned if they opt in.
Vote Moves Fast, But Anger Moves Faster
The vote is open for seven days, with a quorum requirement of 1 billion WLFI. According to the voting page, the first 10 large “yes” votes alone added up to about 3.75 billion WLFI.
- So far, the largest visible vote came from moonmanifest.eth, which voted over 800 million WLFI, or about 12.2% of the voting power.
That concentration quickly became part of the backlash. Some questioned how a proposal could gather billions of WLFI in “yes” votes so quickly while the public announcement on X had only a few hundred thousand views.
Others accused the project of trapping holders and using governance to approve terms that many retail buyers clearly hate.
Justin Sun Fight Adds More Pressure
The vote is also coming while World Liberty Financial is already in a public fight with one of crypto’s most visible billionaires.
Justin Sun, the founder of the TRON blockchain and one of WLFI’s biggest early backers, sued World Liberty Financial in a California federal court, accusing the Trump-backed crypto venture of freezing his WLFI tokens.
Sun has said the freeze left him holding tokens he technically owns but can’t even move. He also alleged that World Liberty Financial installed tools that could block token transfers.
But World Liberty Financial has rejected those claims, saying Sun’s legal claims were “entirely meritless.” Sun claims he opposes the new governance proposal but can’t even vote because his early investor tokens are frozen.
Read more: World Liberty Financial (USD1): A New Era of Stablecoins or Just Another Hype Token?
