Opinion: The World Liberty Fi team sacrificed holders' interests and cashed out by manipulating governance votes
According to Odaily, DeFi^2 posted on X stating that this month's governance vote for World Liberty Fi (WLFI) was manipulated. Bubble Maps shows that most of the major voters are team or strategic partner wallets. The vote forcibly passed the $1 growth plan to sell WLFI tokens, while real investors’ tokens have remained locked since TGE and cannot participate in the unlock vote. According to the project's official gold document, 75% of protocol revenue goes to the Trump family, 25% to the Witkoff family, and WLFI holders have no rights to any protocol revenue. Currently, the team has transferred 500 million WLFI tokens to Jump Trading. DeFi^2 believes that since WLFI lacks governance rights and revenue sharing, and faces selling pressure from the foundation, its $17 billion valuation lacks intrinsic value support. DeFi^2 has been intermittently shorting WLFI since its pre-market price exceeded $0.34, and expects the token price to continue to decline due to dilution, intentional cash-outs, and other factors.
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.
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