Over 40% WLFI’s USD1 airdrop approval vote concentrated to 5 wallet addresses

By: bitcoin ethereum news|2025/05/16 17:45:05

World Liberty Financial (WLFI) has approved a community proposal to airdrop its USD1 stablecoin to eligible token holders, according to a May 15 statement. The governance vote, which ran from May 6 to May 13, received near-unanimous support, with 99.96% of participants backing the initiative. In total, around 7 billion tokens were committed to the proposal. Following the approval, WLFI’s team announced it is preparing the rollout and will soon share the final airdrop details. While the vote clears a significant hurdle, the project reserves the right to proceed with or cancel the airdrop based on operational readiness. Whales dominate WLFI’s governance voting Notably, governance data reveals that voting power for the proposal was highly concentrated among whales. According to the data, just five addresses accounted for over 40% of the total votes. One address alone controlled 1 billion WLFI tokens, representing 14.75% of the voting weight. Another held 666.7 million tokens, contributing 9.8%, while two others had 500 million each, representing 7.37% apiece. This high concentration level raises serious concerns about the decentralization and decision-making process in the project’s decentralized autonomous organizations (DAOs). WLFI and USD1 scrutiny continues The airdrop announcement comes at a sensitive time for WLFI and USD1, which have been criticized for their political connections and investor profile. US lawmakers have consistently questioned the project’s ties to US President Donald Trump and flagged potential ethical concerns related to the project. A recent letter to Treasury Secretary Scott Bessent, signed by several Democratic lawmakers, flagged WLFI’s decision to reserve 90% of its token sale for foreign investors. The lawmakers pointed out that the venture had received a $75 million investment from controversial crypto entrepreneur Justin Sun, who had been under the SEC investigation until recently. They noted that: “The SEC [has] asked the court to pause its enforcement action against Mr. Sun, raising troubling questions about whether the Trump Administration’s apparent abandonment of its gravely serious charges against Mr. Sun constituted an illegal quid pro quo in exchange for his largesse directed at this Trump family venture.” Considering this, the letter warned that the move could expose the US financial system to risks, especially given allegations that some investors might have ties to criminal activity or ongoing investigations. However, in response to the accusations, Zach Witkoff, one of the project’s co-founders, argues that the world needs solutions like WLFI and USD1. He wrote: “America — and the rest of the world — needs solutions like USD1. We will not be intimidated by politicians with an axe to grind.” Source: https://cryptoslate.com/over-40-wlfis-usd1-airdrop-approval-vote-concentrated-to-5-wallet-addresses/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins