Trump-Linked DeFi Project WLFI Launches Token Buyback After 41% Drop

  • World Liberty Financial will begin a token buyback and burn program this week after WLFI tokens dropped 41% in value in September.
  • The initiative was approved by a community vote with 99% support from token holders.
  • Fees collected from WLFI’s liquidity pools on Ethereum, BNB Chain, and Solana will fund the buyback and burn plan.
  • The buyback and burn process aims to decrease token supply in circulation, but the actual number of tokens to be removed remains unclear.
  • The mechanism does not affect community or third-party liquidity pools, only those controlled by WLFI.

World Liberty Financial, a decentralized finance (DeFi) project supported by members of the Trump family, will start a token buyback and burn program this week. The decision comes after its WLFI token lost 41% of its value in September.

- Advertisement -

The WLFI team reported on Friday that it will carry out the buyback and burn strategy in the coming days. Updates about each buyback and burn will be publicly shared, the project said. Token buybacks involve the project purchasing its own tokens, while burning sends tokens to an unusable address, reducing those available in the market.

According to CoinGecko, WLFI traded at $0.19 on Friday, which is down from its all-time high of $0.33 on September 1. The new buyback and burn plan was passed through a community vote, with 99% of participants giving approval.

The team explained that fees collected from WLFI’s liquidity positions on Ethereum, BNB Chain, and Solana will fund the initiative. The tokens bought back will be sent to a burn address and permanently removed. The project stated, “Every trade will remove WLFI from circulation,” highlighting the potential for increased token scarcity and possible price stability. The plan only includes fees from WLFI-controlled liquidity, and not fees from community or third-party pools.

Some community members speculated—in a social media post—that the mechanism could burn about 4 million tokens a day. This would eliminate nearly 2% of the total supply in a year, but the exact amount to be bought back and burned was not specified by the team.

- Advertisement -

World Liberty Financial has not commented on the precise number of tokens that will be burned. The project’s team plans to keep participants informed as the initiative goes forward.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

OpenAI’s ChatGPT Drives $4.3B H1 Revenue Amid Rapid AI Growth

OpenAI reported $4.3 billion in revenue for the first half of 2025, outpacing its...

Visa tests stablecoin pre-funding for faster cross-border payments

VISA has launched a pilot program for banks and financial institutions to use stablecoins...

Wing Security Boosts AI Supply Chain Protection Amid Rising Risks

AI adoption in enterprises is growing rapidly, embedding large language models (LLMs) into SaaS...

Jared Kushner Brokers $55B Saudi-Led Takeover of EA Games

Electronic Arts is being acquired in a $55 billion all-cash transaction led by Saudi...

Bitcoin Spot ETFs See $522M Inflow, Crypto Rally Defies Shutdown Fears

Bitcoin spot ETFs recorded $521.95 million in net inflows, the largest since September 12. Major...
- Advertisement -

Must Read

What Is Bcrypt Password Hashing Function?

KEY TAKEAWAYSBcrypt is a password hashing function that transforms plain passwords into unique alphanumeric sequences.It is a one-way process, ensuring that passwords cannot be...