Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
DefiSquared questions possible manipulation in recent WLFI governance vote, states it holds a short position

DefiSquared questions possible manipulation in recent WLFI governance vote, states it holds a short position

ForesightNewsForesightNews2026/01/21 04:00
Show original

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.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion

Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.

智通财经•2026/11/09 23:57

Amid opposition to data centers, Musk doubles down: SpaceX (SPCX.US) plans to build a $24 billion computing center and gas power plant in Texas.

According to a public hearing notice published on the Starbase website, SpaceX plans to build, own, and operate a gas-fired power plant and a supercomputing facility at its company town in Starbase, Texas.

智通财经•2026/11/09 23:31