WLFI will burn 7.89 million tokens ($1.43 million) after receiving a $1.06 million buyback to reduce circulation supply. 99% of WLFI holders have approved the burn plan. The program excludes community liquidity pools. The Trump family manages $5 billion in WLFI. The token is trading at $0.2049 after recent market volatility.
World Liberty Financial (WLFI), a distributed financial (DEFI) project in partnership with President Donald Trump, has carried out significant token burns and removed 7.89 million WLFI tokens from distribution, valued at approximately $1.43 million.
Burn follows a $1.06 million buyback over multiple blockchain networks, part of a strategy approved by WLFI holders to stabilize token supply and market dynamics.
Details about burning and buying back WLFI tokens
According to Onchain data compiled by LookonChain, the WLFI team collected 4.91 million WLFIs (approximately $1.01 million) and revenue from their fees and liquidity business.
These funds were used to buy back 6.04 million WLFIs in the open market.
Following these transactions, the team burned 7.89 million WLFI tokens on both the BNB Smart Chain (BNB) and the Ethereum (ETH) network.
A total of 3.06 million WLFIs ($638,000) remain in Solana (SOL), indicating that the project could cause more burns.
The Token Burn Program aims to permanently reduce the circulating supply of WLFIs, thereby reducing sales pressure and supporting market stability.
Community and third party liquidity pools are not included in the burn process and the initiative relies solely on fees generated from liquidity pools managed by WLFI.
Governance approval and market context
The burn plan was approved by a governance vote earlier this month, with 99% of WLFI holders voted in favor.
This approval demonstrates strong consistency between community and project management regarding token supply and strategies to strengthen long-term value.
WLFI prices have experienced significant fluctuations, falling by around 33% over the past month.
As of Saturday, tokens were trading at $0.2049, an increase of 6% over the past 24 hours, according to Coingecko.
Despite this rebound, WLFI has fallen by more than 38% from an all-time high.
Market analysts and on-chain observers are noting that burns can remove up to 4 million WLFIs per day, with accurate figures still being converted to nearly 2% of the total annual supply.
Trump Family Holdings and Tokens Unlocked
The WLFI project is gaining even more attention for its connection with the Trump family.
The entity linked to President Donald Trump is reportedly managing around $5 billion worth of WLFI tokens, following the planned unlock of 24.6 billion tokens earlier this month.
The original owners listed on the project’s website include DT Marks Defi LLC and family members Donald Jr., Barron and Eric Trump, who collectively hosted 22.5 billion WLFIs.
The token experienced a short spike to $0.40 after retreating to about $0.21 after unlocking.
This volatility highlights both the impact of large-scale token holders and the potential impact of strategic acquisitions and burns on market sentiment.
Outlook and meaning
The WLFI token burning and repurchase programme represents the deliberate efforts by the project to strengthen market confidence and mitigate price declines amid recent volatility.
By leveraging governance-approved strategies and on-chain revenue streams, WLFI aims to create a sustainable framework for valuation.
The project is likely to continue to monitor supply and demand dynamics, with further action pending future burns in Solana.
For investors and observers, the ongoing management of WLFI supply is combined with important holdings by well-known individuals, highlighting the complex interactions of defi mechanisms and market sentiments in shaping token performance.
