- WLFI burned 7.89 million tokens (approximately $1.43 million) after a $1.06 million buyback to reduce circulating supply.
- 99% of WLFI holders approved the burn plan; the program does not include community liquidity pools.
- The Trump family controls $5 billion worth of WLFI; the token trades at $0.2049 after recent market turbulence.
World Liberty Financial (WLFI), a decentralized finance (DeFi) project linked to former U.S. President Donald Trump, has carried out a substantial token burn, removing 7.89 million WLFI tokens from circulation, worth roughly $1.43 million.
The burn follows a $1.06 million buyback executed across multiple blockchain networks, part of a strategy approved by WLFI holders to stabilize token supply and market dynamics.
Details of the WLFI burn and buybacks
On-chain data compiled by Lookonchain indicates the WLFI team collected 4.91 million WLFI (about $1.01 million) along with $1.06 million in fees and revenue from liquidity operations.
Using those funds, the team repurchased 6.04 million WLFI on open markets.
After these transactions, the team burned 7.89 million WLFI tokens across the BNB Smart Chain (BNB) and Ethereum (ETH) networks.
On Solana (SOL), 3.06 million WLFI remain (approximately $638,000), and the project has signaled that additional burns may occur.
The token burn program aims to permanently reduce WLFI’s circulating supply, easing selling pressure and supporting market stability.
Community and third-party liquidity pools are excluded from the burn process; the initiative is funded solely by revenues generated from WLFI-managed liquidity pools.
Governance approval and market conditions
The burn plan was approved overwhelmingly in a governance vote earlier this month: 99% of WLFI holders voted in favor.
That approval demonstrates strong alignment between the community and project leadership on supply-management strategies intended to increase long-term value.
WLFI’s price has experienced significant volatility, declining roughly 33% over the past month.
On Saturday, the token was trading at $0.2049, representing a 6% increase over the previous 24 hours, according to CoinGecko.
Despite this recovery, WLFI remains more than 38% below its all-time high.
Market analysts and on-chain observers have suggested the burn program could destroy as many as 4 million WLFI per day, equivalent to nearly 2% of the annual total supply, though exact figures have not been confirmed.
The Trump family holdings and token unlocks
The WLFI project has attracted additional attention because of ties to the Trump family.
Entities associated with President Donald Trump are reported to control roughly $5 billion worth of WLFI tokens after a recent unlock of 24.6 billion tokens earlier this month.
Original holders listed on the project’s website include DT Marks DEFI LLC and family members Donald Jr., Barron, and Eric Trump, who collectively held 22.5 billion WLFI.
Following the token unlock, WLFI spiked briefly to $0.40 before retreating to about $0.21.
That volatility underscores both the influence of large token holders and the potential market impact of coordinated buybacks and burns.
Outlook and implications
The WLFI burn and buyback program represents a deliberate effort by the project to restore market confidence and mitigate price declines amid recent volatility.
By leveraging governance-approved measures and on-chain revenue streams, WLFI aims to create a sustainable framework for value appreciation.
The project is likely to continue monitoring supply-and-demand dynamics closely, with additional Solana burns possible as part of future actions.
For investors and observers, ongoing supply management combined with substantial holdings by high-profile individuals highlights the complex interaction between DeFi mechanics and market sentiment in shaping token performance.