Trump-linked WLFI drops 14% as vote starts to lock 62.28B tokens

The native token of Trump-family-linked World Liberty Financial fell about 13.6% as the project’s governance vote proposed 62.28 billion token vesting under multiyear vesting rules. The proposal was submitted to the community on April 15 and went live for voting on Wednesday; ballots remain open through May 7.

If approved, the locked tokens held by early investors and insiders would be subject to a two-year cliff before gradual release. Early investor holdings would follow a two-year cliff then a two-year linear vesting schedule, while founders, team members and advisers categorized as insiders would face a two-year cliff followed by a three-year linear vest.

World Liberty posted: “62,282,252,205 locked WLFI tokens [are] subject to this proposal. None of it touches the market for a minimum of 2 years if passed,” and described the measure as “one of the most significant governance proposals in WLFI history.”

At the time of reporting, 99.95% of votes cast were in favor and the quorum requirement of 1 billion WLFI tokens had been met. Voting records showed roughly 6 billion tokens supporting the proposal and about 3.2 million tokens recorded as opposing it.

The proposal drew backlash from parts of the community. Critics objected to the length of the vesting periods and to vote mechanics that would lock tokens belonging to holders who fail to vote. In social media replies to the project’s announcement many commenters expressed concern that the plan concentrates control and restricts liquidity. Simon Dedic, founder of Moonrock Capital, described the proposal as similar to a rug pull, and Tron founder Justin Sun called it among the “most absurd” proposals he had seen.

Market data showed WLFI trading at $0.06367 at the time of writing, down 13.6% over 24 hours and about 72.8% below its price when it first reached the open market.

World Liberty’s team wrote that the vesting schedule was intended to provide a clearer picture of governance preferences and to keep tokens with participants committed to the project’s future. Voting remains open until May 7; the community outcome will determine whether the proposed vesting schedules are enacted.