Opinion: The World Liberty Fi team manipulated governance voting to sacrifice holders' interests and cash out.

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ODAILY
01-21
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Odaily Odaily reports that DeFi^2 published an article on the X platform alleging manipulation in World Liberty Fi's (WLFI) governance vote this month. Bubble Maps shows that most major voters were team or strategic partner wallets. The vote forcibly passed a $1 growth plan to sell WLFI tokens, while tokens held by genuine investors have remained locked since TGE and are unable to participate in the unlocking vote. According to the project's official documentation, 75% of protocol revenue flows to the Trump family and 25% to the Witkoff family, with WLFI holders receiving no protocol revenue. The team has already transferred 500 million WLFI tokens to Jump Trading. DeFi^2 believes that due to WLFI's lack of governance rights and revenue sharing, and the pressure from the foundation to sell off its holdings, its $17 billion valuation lacks intrinsic value support. DeFi^2 has been intermittently short WLFI since the pre-market price was above $0.34 and expects the token price to continue to fall due to dilution and deliberate profit-taking.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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