signalmankenneth
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When Trump fans snapped up $550 million worth of WLFI, the token tied to the Trump family’s World Liberty Financial crypto project, they thought they were getting the deal of the century.
Tokens bought for between $0.015 and $0.05 between October 2024 and January 2025 soared to an all-time high of $0.33 when they started trading last September, turning modest purchases into small fortunes overnight — at least on paper.
But there was just one catch.
World Liberty Financials creators, which include US President Donald Trump and his sons Eric, Donald Jr., and Barron, granted themselves the sole power to decide who can sell and when.
The project has so far released 20% of the tokens and has promised a vote among holders on when the rest will be made available for trading.
But months have passed, and that vote hasn’t materialized.
Now, dozens of token holders are taking to the World Liberty Financial forum, begging the protocol’s creators to let them cash out as they watch WLFI’s value evaporate.
The token has fallen some 54% over the past five months.
“Nearly 80% of WLFI presale tokens are still locked after almost two years,” said one WLFI holder. “We held through volatility and silence because we believed. But at what point does patience turn into neglect?”
“They are my investments and I want to have access to them,” said another. “We have become hostages.”
The pleas have so far been ignored.
To add to their holders’ woes, World Liberty’s creators pushed through a proposal to distribute WLFI as incentives to encourage more people to use the protocol, potentially putting more pressure on the token’s price.
A World Liberty Financial spokesperson told DL News the project’s team is in frequent and regular contact with its global community.
https://www.yahoo.com/finance/news/trump-fans-spent-550m-family-145618505.html
Tokens bought for between $0.015 and $0.05 between October 2024 and January 2025 soared to an all-time high of $0.33 when they started trading last September, turning modest purchases into small fortunes overnight — at least on paper.
But there was just one catch.
World Liberty Financials creators, which include US President Donald Trump and his sons Eric, Donald Jr., and Barron, granted themselves the sole power to decide who can sell and when.
The project has so far released 20% of the tokens and has promised a vote among holders on when the rest will be made available for trading.
But months have passed, and that vote hasn’t materialized.
Now, dozens of token holders are taking to the World Liberty Financial forum, begging the protocol’s creators to let them cash out as they watch WLFI’s value evaporate.
The token has fallen some 54% over the past five months.
“Nearly 80% of WLFI presale tokens are still locked after almost two years,” said one WLFI holder. “We held through volatility and silence because we believed. But at what point does patience turn into neglect?”
“They are my investments and I want to have access to them,” said another. “We have become hostages.”
The pleas have so far been ignored.
To add to their holders’ woes, World Liberty’s creators pushed through a proposal to distribute WLFI as incentives to encourage more people to use the protocol, potentially putting more pressure on the token’s price.
A World Liberty Financial spokesperson told DL News the project’s team is in frequent and regular contact with its global community.
https://www.yahoo.com/finance/news/trump-fans-spent-550m-family-145618505.html
