Vote on $3.7B WLFI unlock nears 100% approval

A governance vote on unlocking 62 billion WLFI tokens, valued at $3.7 billion, for the Trump family-linked DeFi project World Liberty Financial is currently passing with 99.5% approval. Under the proposal, the tokens would begin to unlock in two years and be fully released by the fifth year. The voting period runs from April 30 to May 7. The vote has faced ongoing centralization concerns, as the top four WLFI-holding addresses control roughly 40% of the total voting power. Amid the controversy, WLFI's price briefly dipped below $0.06 and is now trading at approximately $0.0606.