World Liberty Financial’s WLFI token has crashed 16% in 24 hours to a new all-time low near $0.06. The plunge occurred amid broader market weakness and follows a controversial governance proposal to relock over 62 billion tokens. The project faces additional scrutiny due to its association with Donald Trump, a lawsuit from Tron founder Justin Sun, and reports about a partner’s alleged links to fraud.
The cryptocurrency **World Liberty Financial (WLFI)** fell 16% on Wednesday, reaching a new all-time low. The drop comes as major assets like **Bitcoin** and **Ethereum** saw minor declines amid Federal Reserve policy and Middle East tensions.
WLFI currently trades around $0.06, a stark drop from its peak near $0.25 last September. Its market capitalization once exceeded $6.6 billion before a sustained decline.
The latest volatility follows a controversial governance proposal opened for voting on April 29. The plan involves relocking over 62 billion WLFI tokens for at least two years.
As of now, 99.94% of voters have supported the proposal, which closes on May 6. The token’s association with Donald Trump has fueled backlash following its collapse.
Analyst Carl Moon told his followers that “Trump’s family has ruined crypto.” He noted other Trump-linked tokens have also crashed over 90%.
Tron founder Justin Sun has filed a lawsuit against the project, alleging team members froze his tokens and stripped his voting rights. Sun stated he remains a supporter of President Trump and “his administration’s efforts to make America crypto-friendly.”
Reports also surfaced that a WLFI partner, blockchain network AB, was previously connected to a suspected international fraud syndicate. The partnership was formed in November of last year.
