#WorldLibertyFinancial Purchases $7.7M in
$WLFI Token Buybacks
World Liberty Financial purchased $7.7 million worth of tokens Wednesday at an average price of $0.16 per token, according to blockchain data platform Lookonchain. The Trump family-backed crypto project has acquired nearly $8 million in
$WLFI as part of its ongoing buyback #strategy.
The purchase significantly exceeds the platform's $1.06 million token buyback on Sept. 27, which saw $1.43 million worth of tokens burned. World Liberty Financial passed a governance vote earlier in September to use 100% of treasury liquidity fees for token buybacks and burns, permanently removing them from circulation.
The buybacks aim to reduce circulating supply and increase demand through token removal mechanisms.
$WLFI has gained 13% over the past week but remains down over 48% since its January launch, according to CoinMarketCap data. The token traded at nearly $1,150 last month before recent declines.
President Donald Trump's family stake reportedly reached around $5 billion following a scheduled unlock of 24.6 billion tokens at the beginning of September. However, #Trump family crypto ventures took significant hits after the $19 billion crypto market crash on Oct. 10. Their fortune fell by over $1 billion from approximately $7.7 billion in early September to $6.7 billion by late November, Bloomberg reported.
