CMC News

$WLFI Burns $1.43M in Tokens After DeFi Revenue #Buyback

#WorldLibertyFinancial has executed a major token burn following a successful buyback program funded by decentralized finance activities. The #Trump-affiliated project destroyed 7.89 million $WLFI tokens worth approximately $1.43 million.

On-chain data shows the project collected $1.01 million in fees and liquidity earnings from DeFi operations. $WLFI then spent $1.06 million repurchasing 6.04 million tokens from open markets across multiple blockchains.

The burns occurred on #Ethereum and other networks, while 3.06 million tokens worth $638,000 remain unburned on $SOL pending further actions. Token holders approved the burn mechanism through a governance vote with 99% support earlier this month.

$WLFI currently trades at $0.2049, gaining over 6% in the past day despite monthly losses of 33%. The token remains down more than 38% from its all-time high of approximately $0.40.

The buyback-and-burn strategy aims to reduce total supply and alleviate selling pressure on markets. Only fees from WLFI-controlled #liquidity pools participate in the program, excluding community and third-party pools.

On-chain analysts speculate the program could burn 4 million tokens daily, representing nearly 2% of annual supply reduction. However, exact future burn figures remain unclear based on DeFi revenue generation.

An entity linked to Donald Trump and family members controls approximately $5 billion worth of WLFI following a scheduled unlock of 24.6 billion tokens. The unlock included holdings for Donald Jr., Barron, and Eric Trump.

The burn mechanism represents a deflationary approach increasingly common among DeFi projects. Token economics designed to reduce circulating supply often aim to support price stability through scarcity creation.