World Liberty Financial Burns 47 Million WLFI Tokens to Stabilize Price
The Trump family-backed World Liberty Financial (WLFI) has initiated a token burn to stabilize its price after a challenging launch. Key points include:
- 47 million WLFI tokens burned, permanently reducing supply.
- Total supply now approximately 99.95 billion WLFI, with 24.66 billion unlocked.
- Despite the burn, WLFI recorded a 9% loss on September 3, trading just above $0.22 with a market cap of $5.58 billion.
- WLFI peaked at $0.46 post-launch but has since declined over 50% from that high.
- A buyback and burn proposal is gaining traction, aiming to benefit long-term holders by increasing their ownership share.
- The token's launch reportedly generated up to $5 billion in paper wealth for the Trump family on its first day.
- Concerns persist regarding WLFI's sustainability amid broader market volatility.
For more information, visit WLFI.