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Is $WLFI the next big governance mess in crypto?
World Liberty Financial (WLFI), the Trump-linked project, is under fire lately. People are questioning token control, how governance works, and some onchain wallet freezes.
What we know so far from public data and reports:
$WLFI launched around 2024–2025. It pulled in a lot of retail money early and spread tokens to a huge number of wallets.
A Trump-affiliated entity reportedly owns a big chunk of total supply. That sparked centralization worries from day one.
Onchain shows WLFI wallets active in DeFi. They’ve been depositing collateral and borrowing stablecoins on platforms like Dolomite.
Where it gets messy
In 2025, Justin Sun said part of his WLFI holdings got frozen after he moved about $9M worth of tokens.
Raising real questions about who controls what and how decentralized this actually is.
Watching this one closely.
#Gate13thAnniversaryDr.HanLetter #GateSquareAprilPostingChallenge