Whale dominance threatens WLFI governance democracy
Source: CoinWorld
Time: 2025-09-12 22:46:09
In WLFI's token destruction proposal, two "whale" addresses control 56% of voting rights, which raises concerns about decentralization despite a 7% increase in prices. Less than 1% of holders’ engagement contrasts with the dominance of “whales”, prompting the community to start discussing alternative governance models such as secondary voting.