DeBank wallet's top ten whales, DefiSquared, posted a question about WLFI's recent governance voting, suspecting possible manipulation

WuSaidBlockchainW · 2026-01-21T03:33:14+00:00

DeBank Wallet Whale DefiSquared accuses World Liberty Fi (WLFI) governance voting of manipulation, pointing out that supporting votes come from the team wallet, and the proposal aims to sell tokens for profit, with all protocol revenue belonging to a specific family, making it impossible for retail investors to benefit. He believes WLFI's value is unfounded and has already taken a short position.

WuSaidBlockchainW

2026-01-21 03:33:14

Abstract generation in progress

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.

WLFI5,15%

USD1-0,02%

TRUMP-0,44%

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