Overview
- World Liberty Financial moved $55.57 million of WLFI into its Lockbox unlocking contract, then team‑linked wallets burned 100 million tokens as the process advanced.
- The Lockbox requires insiders to deposit tokens into the contract and destroy 10% to enroll those holdings into a new vesting schedule.
- Following community backlash, token holders voted to delay the proposed release of 62.28 billion WLFI and to tighten vesting and burn rules.
- The 100 million burn removed about $6.7 million in value and roughly 0.4% of the reported circulating supply, a small cut compared with the potential 62 billion‑token unlock.
- On‑chain transfers to exchanges, including a February move of 11.4 million WLFI to OKX, highlight the risk of future sell pressure as whales continue to wield outsize voting power.