World Liberty Financial’s token WLFI has deepened its decline, trading to below $0.06 amid an 18% drop in 24 hours as a governance proposal to unlock 62.28 billion WLFI tokens passes overwhelmingly. The result has intensified sell‑off pressure, with market sentiment souring over perceived insider‑friendly mechanisms and looming overhang from the newly structured vesting schedule. WLFI price chart from CoinMarketCap WLFI vote to unlock 62 billion tokens passes On‑chain data show the governance proposal to restructure 62.28 billion locked WLFI tokens has all but passed. While the voting period ends on May 6, 2026, details indicate backers have a 99.4% approval, with strong support from a concentrated group of large holders. The proposal itself targets all tokens held by founders, team members, advisors, and partners, a total of 45,238,585,647 WLFI. If passed, the move will allow these holders the option to either accept less favourable unlock terms or keep their balances locked indefinitely. Under the approved framework, 10% of the affected allocation, about 4,523,858,565 WLFI, is slated to be permanently burned and removed from the total supply upon passage. The remaining 90%, or 40,714,727,082 WLFI, is placed on a strict vesting path: a two‑year cliff followed by a three‑year linear release, with no unlocks beginning before year two and full distribution only by year five. Community sentiment extremely low Despite the planned burn, traders are focusing on the sheer scale of newly schedulable tokens, which they view as a latent source of dilution once the cliffs expire. Community sentiment is thus sharply negative, with many retail participants arguing that the voting power is concentrated in a small circle of insiders. On‑chain analytics from the latest poll indicate that the largest wallet controlled nearly 13% of votes cast, while the top four together accounted for roughly 40% of total voting power, leaving smaller holders with limited influence over the outcome. Is the WLFI price set for a new all-time low? WLFI has shed close to 88% of its value since its $0.46 peak in September 2025, with the token hovering at a new all-time low of $0.059 on April 30, 2026. The sharp 18% slide in the past 24 hours, triggered by broader market woes and the 62.28‑billion‑token unlock vote, has reinforced fears that WLFI could face prolonged downward pressure. Largely, this is down to concerns that if large holders begin to offload once vesting schedules take effect, sell-off pressure could be massive. Currently, headwinds extend beyond World Liberty Financial’s internal governance. The Trump-backed project has come under scrutiny for reportedly using WLFI tokens as collateral on the lending protocol Dolomite to borrow roughly $75 million in stablecoins. Tron founder Justin Sun, once a prominent backer, has publicly accused the project and filed a lawsuit. While the 10% burn of insiders’ locked tokens theoretically tightens supply, the market is currently pricing in liquidity overhang and broader macro uncertainty. WLFI fell from highs of $0.08 this week and could face further downside if the price dips to $0.05 or lower. The post Trump‑backed WLFI price slumps further amid vote to unlock 62B tokens appeared first on Invezz
