Trump-Linked World Liberty Approves 100% WLFI Token Buyback and Burn
Key Developments in WLFI Token and World Liberty Financial:
- World Liberty Financial approved a 100% buyback-and-burn program for the WLFI token to counteract falling prices.
- Governance vote supported using all treasury liquidity fees to repurchase and burn tokens, impacting Ethereum, BNB Chain, and Solana liquidity pools.
- The initiative is a long-term strategy aimed at reducing selling pressure and rewarding investors. All actions will be visible on-chain for transparency.
- WLFI plans to launch a debit card with Apple Pay integration and a retail payments app linked to its USD1 stablecoin.
- A memorandum of understanding was signed with Bithumb in South Korea for market expansion.
- WLFI's listing on Robinhood briefly increased its market capitalization to nearly $5 billion, but momentum did not sustain.
- Debate continues over how to handle presale tokens, with suggestions ranging from buyback and burn to strict vesting.
WLFI Price Analysis:
- Current trading price: $0.192, close to the lower Bollinger Band of $0.189.
- RSI reading at 38.8 indicates approaching but not extreme market conditions.
- MACD line is near the signal line; volume has declined, reflecting cautious trader sentiment.
- A rebound above $0.197 could lead to further gains, while a drop below $0.189 risks moving toward the $0.18 level.
