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DeBank wallet's top ten whales, DefiSquared, posted a question about WLFI's recent governance voting, suspecting possible manipulation
Wu Shuo learned that DeBank Wallet’s top ten whales, DefiSquared, posted a statement questioning whether the recent governance vote of World Liberty Fi (WLFI) was manipulated. He pointed out that Bubble Maps show that the supporting votes mainly come from team-related wallets, and the approved “USD1 Growth Proposal” is actually aimed at selling tokens to generate protocol revenue. According to the white paper, 100% of the protocol revenue belongs to the Trump and Witkoff families, and retail investors have no share. DefiSquared emphasized that after the vote passed, 500 million WLFI tokens were transferred to Jump Trading, while investor tokens remain locked. Given that WLFI has no governance rights, no revenue sharing, and faces selling pressure, he believes its $17 billion valuation lacks support and revealed that he has taken a short position.