Trump-backed WLFI token falls 13% as controversial governance proposal opens for voting
The Block
The Trump-affiliated World Liberty Financial project faces investor backlash as a new governance vote proposes strict multi-year token vesting schedules.Summary
World Liberty Financial, a project linked to the Trump family, has initiated a vote on a governance proposal that would introduce a two-year cliff and extended vesting schedules for WLFI tokens. While the project aims to stabilize supply and improve governance, many presale investors view the move as a deceptive "bait-and-switch" that restricts liquidity after the token's value has already significantly declined. The proposal has drawn criticism for its impact on early holders and follows broader concerns regarding ethical conflicts, political ties, and legal disputes involving major investors like Justin Sun.
(Source：The Block)