WLFI crashes 14% today, now priced at $0.061, with a market cap evaporating nearly $300 million

The cause is a proposal: unlocking 62 billion $WLFI tokens, released over 4-5 years. Voting result? 99.95% in favor
But this 99.95% itself is the problem
When a project's governance vote can pass with nearly unanimous support, there are only two possibilities: either the community is highly unified, or the community isn't actually voting at all
With WLFI's token distribution structure in place, the proportions held by the Trump family and the team determine the outcome of this vote, which was already decided at the moment the proposal was issued
This isn't decentralized governance; it's governance wrapped in a shell to package a pre-decided matter
62B tokens, even released over 4-5 years, means more than 10 billion new tokens added each year. The market isn't naive; a 14% drop is a very restrained reaction. The real pressure may gradually materialize with each unlocking event in the future
The most ironic part of this isn't the crash, but the 99.95% figure. It appears to show high community approval externally, but in reality, it proves that this so-called governance is hollow. Truly decentralized projects, where is such a unified voice?
The bigger issue is that this is a Trump-affiliated project. How many people bought WLFI because of political narratives? When political enthusiasm wanes, what will support this token?
Short-term traders might wait for a sentiment rebound before unlocking nodes, but I haven't seen any fundamental support
Do you think this is a normal project development move, or a premeditated signal of exit?
Not investment advice, DYOR