World Liberty Financial (WLFI) Plunges to New ATL: Has Trumps Family Ruined Crypto?
The latest retreat follows a controversial proposal that was initially submitted to the World Liberty governance in mid-April and which went live for voting on April 29. The plan covers over 62 billion locked WLFI tokens, which would stay off the market for at least two years if approved. Founders, team members, and partners could have up to 45.2 billion units moved to a new two-year lock, with 4.5 billion burned if they choose to join. Early supporters would have up to 17 billion coins shifted to the same place and later vesting with no burn involved. The proposal will remain open for voting until May 6, and as of now, 99.94% of participants have supported it. WLFI‘s association with Donald Trump and his inner circle fueled backlash after the token’s collapse, with some analysts arguing that the connection contributed to the steep losses investors suffered. You may also like: X user Carl Moon told his 1.5 million followers that “Trumps family has ruined crypto,” reminding that other tokens related to POTUS, including TRUMP and MELANIA, have crashed by over 90% since their launch. Additional Drama Besides the controversial proposal, WLFI recently made the headlines after Justin Sun filed a lawsuit against the project. Trons founder alleged