The crypto project World Liberty Financial (WLFI), associated with the Trump family, conducted a burn of 47 million WLFI tokens worth over 11 million dollars to stabilize the price after a volatile launch. This event, recorded on the blockchain, is the first step in implementing the buyback-and-burn program proposed by the project team. The tokens were sent to a 'burn address', permanently removing them from circulation, which represents 0.19% of the current circulating supply.
$WLFI , launched as a decentralized financial platform for the promotion of USD1 stablecoins and a bridge between TradFi and DeFi, raised over 550 million dollars during the presale. The total supply of tokens is 100 billion, of which about 24.66 billion has been unlocked. The token, which provides voting rights in governance, began trading on exchanges like Binance, OKX, and Bybit on September 1. The initial peak reached 0.331 dollars, but due to mass selling by early investors and short sellers, the price fell by 31–36% to around 0.23 dollars. Trading volume reached billions of dollars, but the project faces criticism for speculation and possible conflicts of interest related to Trump.
The WLFI team plans to use 100% of the protocol fees for further buyback and burn of tokens, which is expected to increase scarcity and reward long-term holders. Eric Trump called the launch successful, highlighting a 20-fold increase for early buyers. However, analysts like Kevin Rasher from RAAC warn that such 'celebrity tokens' harm trust in the crypto industry, emphasizing the need for institutional adoption. The project also blocks suspicious wallets for security.
This move demonstrates WLFI's efforts to strengthen tokenomics in a market where speculation dominates fundamentals. Despite the downturn, the project has ambitious plans: integration with Justin Sun's Tron (a 75 million dollar investor) and partnerships with BitGo for auditing reserves. The future of WLFI depends on community voting and broader DeFi adoption, but regulatory risks and reputational scandals remain.
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