World Liberty Financial proposed unlocking 62.3 billion WLFI tokens on April 15, putting the project under immediate scrutiny. The filing came just six days after WLFI deposited 5 billion tokens into Dolomite and borrowed $75 million against them. According to the source material citing CoinDesk, the move was followed by a drop that pushed WLFI to a record low.
The proposal laid out a vesting structure for the newly unlocked supply. Early supporters would receive tokens under a plan with a two-year cliff, while founders would be placed on a five-year vesting schedule. The plan also included the immediate burn of 4.5 billion tokens. Instead of calming concerns, those terms fed a broader debate over who controls the token and what powers sit inside the contracts.
Justin Sun alleges blacklist backdoor and wallet freeze
Tron founder Justin Sun attacked the plan in public, calling it an “absurd scam.” He accused the Trump-backed project of embedding a blacklist backdoor in its contracts and said the protocol had centralized control to the point of freezing his wallet. WLFI answered with a short line: “see you in court.”
By April 17, the source listed WLFI at $0.08, down 76% from its September 2025 peak. The article also said treasury buybacks were sitting 48% underwater. Those figures put the token’s price damage and its governance dispute in the same frame, with both weighing on confidence around the project.
TAO also hit by internal conflict and large selling
The same piece pointed to fresh pressure on Bittensor. It said TAO traded near $247 on April 17 after a 20% drop tied to accusations from top subnet developer Covenant AI, which alleged founder Jacob Steeves had centralized control. Covenant AI then sold 37,000 TAO, valued in the article at $10.2 million.
Bittensor still had 128 subnets running, and Grayscale had an ETF filing with the SEC, according to the material. The article placed support near $238 and resistance around $340. In context, TAO and WLFI were presented as examples of how internal trust disputes can hit token prices fast.
The original article shifts heavily into Pepeto promotion
Outside the WLFI and TAO sections, most of the source article focused on Pepeto. It described a presale price of $0.0000001865, said the project had raised $9.13 million, listed a total supply of 420 trillion tokens, and promoted 183% APY staking. The material also claimed a SolidProof audit, a CoinMarketCap listing this month, and an exchange product already capable of processing trades in real time.
That part of the article was written in overt promotional language, centered on a claimed “1000x” upside, Binance-related references, and product features such as a bridge and token discovery tool. On the hard-news side, the clearest developments in the source remain WLFI’s unlock proposal, Justin Sun’s public allegations, and the sharp TAO sell-off tied to internal conflict.