Trump and his family members transfer over 20 billion WLFIs to new ownership contracts

Trump and other founders of World Liberty Financial will transfer over 20 billion WLFIs into a new ownership contract to replace the previous indefinite lock up arrangement and set a future unlocking path. On May 19th, four wallets transferred their holdings to the contract, with one wallet having an allocation that matched Trump's holdings, and the other three wallets having an allocation that matched the holdings of members of the Trump family. According to the governance rules, founders can choose to destroy 10% of their distribution quota, and after a two-year lock up period, gradually unlock the remaining tokens within 3 years. At present, these tokens cannot be sold, and World Liberty Financial denies that the transfer was prepared for sale. (Source: The Washington Sun)