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World Liberty Financial&#8217;s native token WLFI lost roughly 17% of its value on 
Wednesday as a governance proposal affecting more than 62 billion WLFI tokens 
officially opened for community voting — and the backlash was immediate. 
Related Reading: Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst 
A Token Already Deep In The Red WLFI was trading at around $0.06 at the time 
of writing, according to data from CoinGecko. That marks a 70% drop since the 
token first reached open markets, making Wednesday&#8217;s selloff the latest in a 
long string of losses for holders of the Trump-family-linked DeFi project. The 
proposal behind the price drop would impose strict vesting schedules on tokens 
currently held by early investors and insiders. Under the plan, early 
investors face a two-year lockup cliff, followed by two more years of gradual 
release. Founders, team members, and advisers get the same two-year cliff but 
with a three-year linear vest after that. Voting runs through May 7. Token 
unlock proposal is now live for vote. ☝️ This is one of the most significant 
governance proposals in WLFI history. Here&#8217;s what&#8217;s at stake. — WLFI 
(@worldlibertyfi) April 29, 2026 World Liberty Financial framed the move as a 
show of long-term commitment. &#8220;62,282,252,205 locked WLFI tokens are subject 
to this proposal,&#8221; the project said in a post on X. &#8220;None of it touches the 
market for a minimum of two years if passed.&#8221; Voting Numbers Tell Only Part Of 
The Story On paper, the vote is going well. As of Wednesday, 99.95% of cast 
votes supported the proposal, and the required quorum of 1 billion WLFI tokens 
had already been cleared, with 6 billion tokens in favor and just 3.2 million 
against. But those numbers don&#8217;t capture the full picture. Criticism has been 
loud on X, where replies to World Liberty&#8217;s announcement were largely 
negative. The voting structure itself drew sharp criticism — anyone who does 
not cast a vote risks having their tokens locked up with no end date. That 
mechanic has been widely called coercive. All the $WLFI early investors who 
thought they were sitting on solid profits just got rugged, by the Trump 
family themselves. This essentially gives them another shot at squeezing the 
same lemon they’ve been inflating with hot air for the past two years. Which, 
what a surprise,… https://t.co/yLSNcfeZlm — Simon Dedic (@sjdedic) April 15, 
2026 Moonrock Capital founder Simon Dedic was among the most pointed critics. 
Reports indicate he compared the proposal to a rug pull and raised questions 
about the timing — the two-year unlock period lines up with the remainder of 
US President Donald Trump&#8217;s time in office. Tron founder Justin Sun, who holds 
a significant amount of WLFI, called it one of the &#8220;most absurd&#8221; proposals he 
had ever come across. Related Reading: Dogecoin Futures Open Interest Explodes 
As Leveraged Traders Pile In World Liberty Defends The Structure The team 
behind World Liberty Financial said the vesting design was built to create 
what they described as a &#8220;more clear, bounded picture of governance 
preferences.&#8221; The goal, they said, was to keep tokens in the hands of people 
who are genuinely committed to the project&#8217;s future. The proposal was first 
submitted to the governance community on April 15 before going live for voting 
this week. World Liberty Financial called it &#8220;one of the most significant 
governance proposals in WLFI history.&#8221; Featured image from Unsplash, chart 
from TradingView

WLFI Selloff Deepens After Controversial Governance Vote Goes Live

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Oobit has launched Agent Cards, the first corporate card product built 
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