Trump-linked WLFI Burns $1.43M Worth Of Tokens After $1M Buyback

World Liberty Financial (WLFI), the President Donald Trump-affiliated decentralized finance project, has burned 7.89 million WLFI tokens, worth approximately $1.43 million, following a $1.06 million buyback across different chains.

Onchain data gathered by Lookonchain shows the project collected 4.91 million WLFI ($1.01 million) and $1.06 million in fees and liquidity earnings from its DeFi activities, and spent $1.06 million to repurchase 6.04 million WLFI on the open market.

The move follows a 33% drop in WLFI’s price over the past month. According to the WLFI team, this mechanism aims to reduce total supply and alleviate selling pressure.

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