I just saw a major move by WLFI, and it looks like the community’s reaction is split.

Here’s the background: World Liberty Financial has recently put forward a governance proposal to make major changes to its token structure. What are the core details? It would directly burn more than 4.5 billion tokens, and at the same time reset the lock-up periods for founders, the team, and early supporters. At first glance, it looks like they’re strengthening long-term commitment, but the timing is a bit sensitive.

First, let’s talk about the insiders. Founders, the team, and advisors would be locked for 2 years, and then released gradually over the following 3 years. The key point is that when they participate, 10% of their tokens would be forcibly burned, with up to 4.52 billion tokens involved. In other words, a portion of their tokens would effectively evaporate. Conditions for early supporters are relatively more relaxed: a 2-year lock-up plus a further 2-year gradual release, but their tokens would not be burned. However, the prerequisite is that they must agree to these new rules; otherwise, their tokens would be frozen for the long term.

But that’s not the most interesting part. WLFI has recently gotten pulled into a public controversy, with the other side being Justin Sun. The founder of Tron and a key figure behind trx was an investor in WLFI, but he is now accusing WLFI of embedding a hidden “backdoor” locking feature into its smart contract. Justin Sun claims his account has been frozen, and that this feature was never disclosed to investors. His accusation is very direct: “This isn’t decentralization at all—it’s a trap disguised under the banner of openness.”

Both sides have already publicly confronted each other, and legal action seems to be close at hand. So as you can see, the timing of this governance proposal is quite delicate—are they trying to rebuild trust, or are they responding to pressure?

Based on the data, WLFI’s circulating supply is about 24.6 billion tokens, with a cap on total supply of 10 billion. The 62.28 billion tokens involved in this proposal are certainly huge. If the proposal passes, how the market will react will still depend on the community’s attitude. If you’re interested, you can go to Gate to keep an eye on WLFI’s market updates.