Concerns Raised Over Potential Manipulation in WLFI Governance Vote

A prominent whale in the DeBank wallet, DefiSquared, has raised concerns about potential manipulation in recent governance votes for World Liberty Fi (WLFI). According to Foresight News, DefiSquared pointed out that Bubble Maps indicate that the majority of votes in favor came from wallets associated with the team. The approved 'USD1 Growth Proposal' is allegedly aimed at selling tokens to generate protocol revenue. DefiSquared highlighted that 75% of the protocol's revenue flows to the Trump family, while 25% goes to the Vitkov family, leaving retail investors without a share. Following the vote's approval, 500 million WLFI tokens were transferred to Jump Trading, while investors' tokens remain locked. Given WLFI's lack of governance rights, absence of revenue sharing, and the pressure to sell, DefiSquared believes its $17 billion valuation is unsupported. He also disclosed holding a short position on WLFI.