DefiSquared questions possible manipulation in recent WLFI governance vote, states it holds a short position
Foresight News reported that DefiSquared, one of the top ten whales ranked by DeBank wallet, questioned the suspected manipulation in the recent governance vote of World Liberty Fi (WLFI). He pointed out that Bubble Maps showed that the majority of the votes in favor came from team-related wallets, and the approved "USD1 Growth Proposal" was essentially intended to sell tokens to generate protocol revenue. Of the protocol revenue, 75% flows to the Trump family and 25% to the Witkoff family, with retail investors having no right to share. DefiSquared emphasized that after the vote passed, 500 million WLFI tokens were transferred to Jump Trading, while investors' tokens remain locked. Given that WLFI has no governance rights, no revenue sharing, and is facing selling pressure, he believes its $17 billion valuation lacks support and revealed that he is holding a short position.
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