BlockBeats news: On January 21, a new proposal submitted by the Trump family's crypto project, World Liberty Fi, by the end of 2025 has recently sparked controversy within the crypto community.
It is understood that the proposal called for "using 5% of the funds unlocked by WLFI's treasury to promote the growth of USD1." Initially, it was rejected by a majority vote when the required quorum was met, until the team and partners pushed the outcome to reverse.
Encrypted KOL DeFi^2 stated that according to Bubble Maps data, most of the top-voted wallets in this proposal vote belong to the team or strategic partners, clearly indicating a manipulated vote. The data shows that the WLFI team holds 33.5% of the total token supply, while strategic partners hold an additional 5.85%, leaving only 20% for public sale.
It is known that WLFI token holders have no right to distribute any protocol revenue. According to the WLFI whitepaper, 75% of the protocol revenue belongs to the Trump family, and 25% belongs to the Witkoff family. The passing of this proposal, however, represents the team conducting what appears to be a fair vote to sell WLFI tokens, sacrificing the interests of token holders whose tokens are locked, in order to channel funds into the protocol revenue that flows exclusively to themselves.
As of the time of writing, the WLFI token is priced at $0.1641, with a market capitalization still at $4.69 billion, and a fully diluted valuation (FDV) as high as $16.4 billion.