Trump-Backed WLFI Tokens Approved for Trading by Tokenholders
- Tokenholders of World Liberty Financial (WLFI) voted overwhelmingly, with a support of 99.94%, to make governance tokens tradable.
- The token unlock will occur in stages, with a full launch plan to be announced soon.
- WLFI sold tokens in two tranches, raising approximately $300 million from the first and $250 million from the second.
- Tokens held by founders and advisers will not be unlocked immediately and are subject to a longer release schedule.
- The Trump family has reportedly reduced its stake in WLFI to about 40% as of June.
The decision to allow trading is part of WLFI’s strategy to transition from a closed network to one that encourages open participation and community governance. This move may lead to increased speculation and price discovery for the token.
With an initial token sale generating around $300 million, the recent vote could significantly impact WLFI’s market dynamics as it prepares for broader trading opportunities.(Source)
