WLFI becomes tradable, but is the Trump-backed token truly decentralized?
2025-07-20 15:15:43
Main Idea
The Trump-backed WLFI token's launch raises questions about its decentralization, as Trump and affiliated entities hold a significant portion of the supply, and large investors dominate the market.
Key Points
1. WLFI token is now tradable but only for a select few, with team and insider tokens locked pending community votes.
2. President Trump holds 15.75 billion governance tokens, and his family's affiliated entities control 40% of the supply.
3. Large investors like Justin Sun and DWF Labs have made significant investments, raising concerns about whale and institutional dominance.
4. The token's decentralization is uncertain, with its future potentially being shaped by wealthy backers rather than the broader community.
5. WLFI has confirmed there will be no private sale, and any future token unlocks will be subject to community voting.
Description
With Trump holding 40% and whales circling, WLFI’s vision of community control faces its first real test.
Latest News
- Crypto market’s weekly winners and losers – CRV, ENA, HYPE, PI2025-07-20 19:05:28
- 100 mln TRX moved to Binance: Where will this Tron accumulation take prices?2025-07-20 17:11:34
- WLFI becomes tradable, but is the Trump-backed token truly decentralized?2025-07-20 15:15:43
- Bitcoin makes a splash as old miners return – But all’s not what it seems2025-07-20 13:18:30
- Conflux [CFX] surges 40% in a day as short orders liquidate: What now?2025-07-20 11:06:04