WLFI Token Falls 13% as World Liberty Opens 62B-Token Unlock Governance Vote

According to The Block, World Liberty Financial officially opened voting today on a controversial governance proposal to unlock 62 billion WLFI tokens, with the token falling 13% to $0.064 from $0.073 ahead of the vote.

The proposal would release tokens subject to a two-year cliff and vesting schedules: approximately 45 billion tokens for the founding team, advisors, and early partners, plus up to 17 billion for early protocol supporters. The seven-day voting period requires a 1 billion WLFI token quorum to pass. The token has declined sharply from its all-time high of $0.33, according to The Block's price data.