WLFI drops over 80% from ATH amid fraud allegations and a massive 62B token unlock proposal. Here’s what’s happening.
World Liberty Financial’s WLFI token has hit a new all-time low. The token now trades roughly 80% below its September 2025 peak of $0.3313.
According to CoinGecko data, WLFI was changing hands at $0.06127 at press time. That marked a 16.30% drop in 24 hours and a 19.67% decline over the week.
Two major developments are driving the sell-off.
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WLFI Fraud Allegations Rattle Investor Confidence
Wise Advice flagged two forces behind the sharp decline. First, fraud allegations surfaced linking the project to a so-called “pig butchering” syndicate.
The claims hit market sentiment hard. Pig butchering scams typically involve elaborate trust-building schemes before victims lose funds. No formal charges have been confirmed at this stage.
🚨 $WLFI just made a new ATL… Now down 88% from its ATH.
But this drop isn’t just technical. Two major reasons:
• Fraud allegations linking the project to a “pig butchering” syndicate
• A massive token unlock proposal going live
• Price dropped -13.5% on the news.Here is… pic.twitter.com/Yfbkc0OfmE
— Wise Advice (@wiseadvicesumit) April 30, 2026
The second factor is a live governance proposal covering over 62 billion locked WLFI tokens.
Both developments triggered the 13.5% single-day drop mentioned in the post. Investors now face a complex picture of negative sentiment layered on top of supply uncertainty.
What the Token Unlock Proposal Actually Says
World Liberty Financial published the proposal directly on X.
The project described it as “one of the most significant governance proposals in WLFI history.” The total tokens subject to the vote reach 62,282,252,205.
For team members, founders, advisors, and partners, up to 45.24 billion tokens would shift to a two-year cliff followed by a three-year linear vest.
Accepting those terms triggers a permanent burn of up to 4.52 billion tokens. WLFI called these “the least favorable terms in the proposal,” noting the structure was chosen deliberately.
Token unlock proposal is now live for vote. ☝️ This is one of the most significant governance proposals in WLFI history. Here's what's at stake.
— WLFI (@worldlibertyfi) April 29, 2026
Early supporters hold a different situation. Up to 17.04 billion of their locked tokens would move to a two-year cliff and then a two-year linear vest.
No burn applies to this group. Holders who do not opt in remain locked indefinitely under their current terms.
If the community votes the proposal down, all tokens stay locked. Governance rights remain intact regardless of the outcome. Voting runs for seven days, with a quorum requirement of one billion WLFI.
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Voting Results Spark Governance Transparency Debate
The vote drew sharp attention after results emerged. Crypto commentator MASTR shared on X that approximately 6.2 billion token votes were cast. Of those, 99.95% voted yes.
MASTR questioned what that figure reveals about who controls the outcome. The post pointed to insider wallets, team allocations, and early distributions as potential sources behind the near-unanimous result.
The commentator argued the structure creates the appearance of community governance while concentrating actual decision-making power.
WLFI has not publicly addressed those specific concerns at the time of writing. The proposal’s passage now sets a two-year minimum window before any of the affected tokens reach the open market.
