Sun was one of WLFI's largest buyers, and now the project is threatening to burn his tokens over a governance dispute. If balances can be wiped at the issuer's discretion, the token functions as admin-controlled equity with a blockchain backend — closer in design to USDC's freeze function than MKR or UNI, where no multisig can zero out a holder. Every WLFI holder should be asking what their votes are worth if the admin key disagrees with them.

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