Trump-affiliated DeFi project WLFI burns $1.43M in tokens after $1.06M buyback, aiming to restore market confidence.
World Liberty Financial (WLFI), a decentralized finance project associated with U.S. President Donald Trump, has undertaken a large-scale token burn. The platform destroyed 7.89 million WLFI tokens worth $1.43 million after completing a $1.06 million buyback across several blockchain networks. This came after a strong market dip, which led both developers and the community to pass a critical proposal to help regain trust from the investors.
WLFI Launches Buyback and Burn Amid Price Decline
According to Lookonchain, WLFI received just over 1.06 million dollars in fees and liquidity over Ethereum, Solana, and Binance Smart Chain. These funds were used to buy back 6,04 million WLFI tokens, which were permanently burnt. The blockchain tracker shared details of the transactions on X, highlighting the reduction in…
