WLFI Plummets 80% From ATH as Fraud Allegations & 62B Token Unlock Rile Investors

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WLFI Falls Over 80% From ATH as Downtrend Continues: Here’s What Happened

WLFI’s value has plummeted over 80% from its all-time high following accusations of fraud and a plan to release a large number of tokens – 62 billion, to be exact. Here’s a breakdown of the situation.

The WLFI token, issued by World Liberty Financial, has reached a record low price. It’s currently trading around 80% lower than its highest value of $0.3313, which it reached in September 2025.

At the time of this report, WLFI was trading at $0.06127, according to CoinGecko. This represents a 16.30% decrease over the last 24 hours and a 19.67% drop over the past week.

Two major developments are driving the sell-off.

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WLFI Fraud Allegations Rattle Investor Confidence

Wise Advice identified two main reasons for the project’s sudden downfall. The first was accusations of fraud, specifically a connection to a scam known as “pig butchering.”

These accusations significantly impacted market confidence. “Pig butchering” scams usually start with building a relationship with the victim over time before they lose money. As of now, no official charges have been filed.

just made a new ATL… Now down 88% from its ATH.

But this drop isn’t just technical. Two major reasons:

The project is facing accusations of being connected to a cryptocurrency scam known as “pig butchering.” Additionally, a large amount of tokens is scheduled to be released, and the price of the token has fallen 13.5% following these developments.

Here is…

— Wise Advice (@wiseadvicesumit)

The second factor is a live governance proposal covering over 62 billion locked WLFI tokens. 

These two events caused the significant 13.5% drop in price discussed earlier. Currently, investors are dealing with a difficult situation – a pessimistic outlook combined with concerns about limited supply.

What the Token Unlock Proposal Actually Says

World Liberty Financial published the proposal directly on X. 

The project team called this proposal a landmark moment for WLFI, representing a major change to how things are governed. A total of 62.28 billion tokens are eligible for voting.

Team members, founders, advisors, and partners could receive up to 45.24 billion tokens, which would become available after a two-year waiting period, and then vest gradually over the following three years.

As an analyst, I’ve reviewed the terms and understand that agreeing to them would result in a significant and irreversible reduction of up to 4.52 billion tokens being burned. WLFI specifically highlighted these terms as the most disadvantageous within the proposal, and indicated this structure was intentionally designed that way.

Voting is now open on a proposal to release locked tokens. This is a very important decision for the WLFI community, so here’s a breakdown of what it means.

— WLFI (@worldlibertyfi)

Those who supported the project early on will see a change in how their tokens are released. Up to 17.04 billion tokens currently held by these supporters will become available after a two-year waiting period, and then be distributed gradually over the following two years.

Okay, so this doesn’t affect everyone. If I don’t actively choose to participate in this burn, my tokens will just stay as they are, locked under whatever rules were in place before. Basically, I’m sticking with the original terms if I do nothing.

If the community rejects the proposal, all tokens will remain locked. Voting rights will not be affected by the vote’s outcome. The voting period lasts for seven days, and at least one billion WLFI must participate for the vote to be valid.

Read also: 

WLFI Defends Lending Position, Reveals $65M Token Buyback

Voting Results Spark Governance Transparency Debate

The results of the vote quickly gained attention. Crypto analyst MASTR reported on X that around 6.2 billion votes were submitted, and an overwhelming 99.95% were in favor.

MASTR wondered what the data shows about who influenced the final result. The post suggested that wallets belonging to insiders, team members, and early recipients might explain why the vote was overwhelmingly one-sided.

The commentator pointed out that the system looks like it’s run by the community, but in reality, a few people hold all the power.

As of now, WLFI hasn’t officially responded to these issues. However, with the proposal approved, it will be at least two years before any of the tokens in question become available for public sale.

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2026-04-30 19:29