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Justin Sun Blasts WLFI Token Unlock Proposal as ‘World Tyranny’

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TRON founder escalates feud with Trump-linked DeFi project, alleging coercion and frozen voting rights.

World Liberty Financial’s freshly posted governance proposal to unlock 62.3 billion WLFI tokens drew an immediate broadside from TRON founder Justin Sun, who published a lengthy rebuttal onX, calling the plan “World Tyranny, Not World Liberty Financial.”

Sun, who invested $75 million in the Trump family-backed DeFi venture, accused the team of engineering the vote so that dissenters are punished, as holders who vote against the proposal see their tokens locked indefinitely with no unlock path, while large holders like himself have been frozen out of the process entirely.

“I personally hold approximately 4% of the voting power, yet my tokens have been frozen and I am forced out of this voting process,” Sun wrote. “The outcome was determined before the vote even began.”

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The proposal, announced by WLFI on Tuesday, would place early supporter tokens on a two-year cliff followed by a two-year linear vest. Founders, team members, and advisors would face a longer five-year schedule, with 10% of their allocation permanently burned on passage. Holders who do not opt in remain locked indefinitely. WLFI called the plan “one of the strongest long-term governance alignment signals in DeFi.”

Sun sees it differently. He called the vote “a performance where the police have already barricaded the doors of parliament” and pointed to what he described as a deeper structural problem: the WLFI smart contracts are ultimately controlled by a 3-of-5 anonymous multisig and a single anonymous guardian address that can blacklist any wallet. Voters, meanwhile, must complete identity verification to participate.

“Your voters must register, submit to scrutiny, and be vetted — while your dictators won’t even show their faces,” Sun wrote.

Feud Erupts Into Open War

The response caps a week of escalation between the two sides. Tensions boiled over on Sunday after Sun accused WLFI of embedding a hidden blacklisting function in the token contract and called the team’s actions illegitimate. WLFI fired back, threatening legal action. “See you in court pal,” the project’s official X account posted.

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Sun demanded that whoever was operating the account identify themselves. “As the largest investor in this project, I demand that those responsible come forward by name, instead of hiding in the shadows.”

The clash followed days of scrutiny over WLFI’s treasury operations. The Defiant previously reported that WLFI deposited 5 billion of its own governance tokens into Dolomite, a lending protocol co-founded by WLFI’s chief technology officer, and borrowed roughly $75 million in stablecoins, some of which were routed to Coinbase Prime.

Sun’s wallet containing more than 500 million WLFI tokens has been frozen since September 2025, when the project blacklisted his address after on-chain analysts flagged transfers routed through HTX, his crypto exchange. WLFI alleged Sun breached his investor agreement. Sun has maintained that the freeze was unjustified.

Token in Freefall

WLFI was trading around $0.08 on Tuesday, down roughly 75% from its all-time high and near its all-time low of $0.077 hit last week. The token’s market cap has fallen to approximately $2.5 billion.

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WLFI Chart
WLFI Chart

Sun closed his statement by calling on all WLFI holders to “see this proposal for what it truly is” and to “reserve all legal rights of recourse.”

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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DeXe Joins the Altcoin Rally, Price Hits Nearly 1-Year High

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DeXe Joins the Altcoin Rally, Price Hits Nearly 1-Year High

DeXe (DEXE) surged 22% on April 15, 2026, pushing to $12.19 and entering a resistance zone that capped the token’s October 2024 rally. Open interest across all exchanges has recovered to approximately $20 million, up from near-zero levels recorded in January 2026.

The move places DEXE directly at the 0.5 Fibonacci retracement level on the weekly chart. That threshold now determines whether the recovery from January lows continues toward $15 or stalls under concentrated selling pressure.

Open Interest Climbs Back Toward Pre-Correction Levels

DEXE open interest peaked at roughly $39 million in early October 2024 before collapsing alongside price. The liquidation wave erased most leveraged exposure. By late January 2026, open interest had fallen to approximately $5 million, per Coinglass data.

Since February 2026, open interest has rebuilt steadily alongside price, reaching approximately $20 million as of April 15. When OI and price rise together, it may signal fresh capital entering the market rather than a short squeeze closing out losing positions.

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DEXE Open Interest USD chart across all exchanges / Source: Coinglass

For this signal to remain constructive, OI would need to hold above $15 million on any near-term retracement. A drop back below that level would suggest today’s move attracted primarily spot buyers without durable derivatives-backed conviction.

Weekly Fibonacci and Bollinger Bands Create a Decisive Threshold

The weekly chart shows DEXE trading at $12.21, pinned to the 0.5 Fibonacci retracement at $12.17. This level marks the midpoint of the token’s full range between the $0.14 all-time low and the $24.20 all-time high.

A Bollinger Band expansion on the weekly timeframe suggests price is pushing toward the upper band after months of contraction inside a tightening range. However, a declining volume trendline drawn across the weekly chart from October 2024 remains intact.

Price has outpaced volume participation. It suggests the current move may require broader buying to confirm a genuine breakout rather than a temporary spike.

DEXE/USDT weekly chart / Source: Tradingview

The RSI panel, which had been flagged as oversold in early 2026, has recovered to a neutral-to-bullish position. A confirmed weekly close above $12.17 would set the 0.618 retracement at $15.01 as the next target, the level highlighted in yellow on the chart.

DEXE Price Prediction — $15 Target Hinges on Clearing $13.50

The daily chart shows DEXE entering a red resistance zone spanning approximately $12.50 to $13.50. This zone previously capped the October 2024 rally and is now being tested following a multi-month recovery from the January 2026 lows near $2.50.

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Today’s candle opened at $9.97 and reached an intraday high of $12.82. It marks one of the strongest single-session advances of the entire 2026 recovery. A daily close above $13.50 would flip this resistance into support and open the path toward $15.01, aligning with the weekly 0.618 Fibonacci target.

DEXE/USDT daily chart / Source: Tradingview

On the downside, a rejection from the red zone would likely send DEXE back toward the upper green support band between $7.00 and $7.80. That zone held price on multiple daily closes throughout the February and March 2026 consolidation.

A deeper pullback would find support in the lower green band between $4.80 and $5.30.

Given the pace of today’s advance, the RSI is likely extended on the daily timeframe. This raises the probability of short-term consolidation before any sustained move above $13.50.

Whether DEXE holds above the red zone or gets rejected will determine whether the recovery from January lows extends toward the mid-$15 range or resets for another base-building phase.

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ETH Futures Open Interest Rises As Institutional Investors Return

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ETH Futures Open Interest Rises As Institutional Investors Return

Key takeaways:

  • Institutional ETH accumulation remains robust as Ether ETFs and Bitmine Immersion lead a healthy, spot-driven recovery.

  • Lackluster DApp revenue and negative ETH funding rates suggest that traders are skeptical of the rally.

Ether (ETH) price managed to sustain above $2,300 on Wednesday, distancing itself from the $1,940 lows seen on March 29. The recent rally has caused ETH futures open interest to reach $25.4 billion, indicating increased demand for leveraged positions. The movement suggests a potential turn in momentum for ETH bulls after 10 weeks of failed attempts to reclaim the $2,400 level.

ETH futures aggregate open interest, USD. Source: CoinGlass

To determine whether the shift in positioning is driven by bulls, one must assess the ETH futures funding rate. The ETH perpetual futures funding rate has failed to hold above 5% since Friday, indicating a lack of confidence among bulls. 

ETH perpetual futures annualized funding rate. Source: Laevitas

The metric has dipped below 0% multiple times, indicating excess demand for bearish leveraged positions. Under neutral conditions, the indicator should range between 5% and 10% to compensate for the cost of capital.

Still, one could argue that such data reinforces that Ether’s recent rally to $2,350 has been sustained by spot demand.

ETH spot ETF daily net flows, USD. Source: SoSoValue

US-listed Ether spot exchange-traded funds (ETFs) accumulated $248 million in net inflows over the past 10 days, validating the thesis of healthy spot-driven Ether bullish momentum. In parallel, the digital asset treasury company Bitmine Immersion (BMNR US) announced the acquisition of $312 million worth of ETH. Bitmine now holds 4.87 million ETH, equivalent to $11.46 billion.

While institutional accumulation is generally a positive sign, Bitmine’s ETH holdings are trading 13% below their acquisition cost, according to CoinGecko data. Similarly, US-listed Ether ETF assets under management stood at $13.7 billion on Wednesday, down from $20.5 billion three months prior. Ether’s failure to reclaim $2,400 also happened as the S&P 500 index jumped to a new all-time high on Wednesday.

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Weak Ethereum network activity, increased competition 

Part of investors’ reduced appetite for cryptocurrencies can be pinned to the declining activity in decentralized applications (DApps). Almost every corner of the cryptocurrency industry has been negatively impacted by the 2026 bear market, including memecoin token launch platforms, synthetic derivatives trading, collateralized lending, digital collectibles, decentralized exchanges and cross chain bridges.

The few positive highlights, including prediction markets and real-world assets, had no impact on Ethereum network activity. Investors are starting to question whether ETH is well-positioned to capture an eventual surge in demand for DApps, given the emergence of competing blockchains focused on solving specific issues, such as Hyperliquid and Plasma.

Ethereum weekly DApps revenue, USD. Source: DefiLlama

Related: ETH/BTC ratio hits 10-week high as Ether outpaces Bitcoin–Are new price highs next?

Ethereum’s weekly DApps revenue has plummeted to $11 million per week, down from $24 million in early February. The primary reason for investors to accumulate ETH is the expectation of higher onchain processing demand and the subsequent burn mechanism, which creates incentives for long-term holding. 

Despite the increased demand for ETH futures, derivatives metrics failed to flip bullish. Among the potential causes are the losses in Ethereum strategic reserve companies and increased competition in the DApps industry.

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