Trump-backed World Liberty Financial races toward 62 billion token unlock with near-unanimous vote
Proposal to unlock 62 billion WLFI tokens gains strong support
World Liberty Financial’s proposal to unlock 62 billion WLFI tokens is on track to pass with 99.5% support and quorum already surpassed. The vote has received near-unanimous backing from the platform’s governance participants.
Token distribution and governance details
The proposal involves approximately 62.28 billion WLFI tokens, including 17.04 billion tokens locked by early supporters and 45.24 billion tokens held by insiders. A significant portion of the tokens—about 72%—are owned by insiders, raising concerns over equity distribution.
Recent developments and media coverage
- Scott Melker discusses the progress of the token unlock proposal on Yahoo Finance, highlighting the near-unanimous vote and the platform’s alignment with Trump family interests.
- On YouTube, a video titled “Trump-backed World Liberty Financial races toward 62 billion token unlock with near-unanimous vote” was published 16 minutes ago, with views and hashtags including #crypto and #bitcoin.
- On Instagram, the latest update confirms the proposal to unlock 62.3 billion WLFI tokens, including a 4.5 billion token burn and a new vesting schedule for the team.
Market reaction
The token has seen a decline to a new all-time low amid the governance proposal, reflecting market skepticism over the token unlock plan and insider ownership.