World Liberty Financial (WLFI), a token closely tied to the Trump family’s much-watched crypto project, has executed a 47 million token burn just days after its public debut. The move comes as the token continues to slide from its initial highs, with the team positioning the burn as a way to reduce circulating supply and restore confidence in the project’s long-term vision.
Onchain data shows the transaction was finalized on Sept. 2, sending WLFI to a designated burn wallet and permanently lowering the total supply to just under 100 billion. While the 47 million burn accounts for only 0.19% of circulating tokens, the team argues it’s an early step in aligning value with holders who believe in the project’s future.
$WLFI began trading on Monday, peaking briefly at $0.47 before settling into a sharp correction, now down more than 30% from its launch-day high. Like many token debuts, the sell pressure from early allocations and opportunistic short sellers weighed heavily on the market. The team has since floated the idea of a sustained buyback-and-burn program funded by protocol-owned liquidity fees, aiming to create a more durable floor for price action.
The reception from the community has been cautiously supportive. Initial feedback on governance channels indicates that most holders back the strategy, though an official vote is still pending. Critics, however, argue that token burns alone cannot create sustainable value without broader adoption and utility.
Industry voices are split. Some see the $WLFI burn as a tactical response to speculative pressure, while others warn it highlights the fragility of hype-driven launches. As Kevin Rusher, founder of RWA lending platform RAAC, put it:
True longevity in this ecosystem will be built on institutional adoption and real-world use cases, not just on symbolic supply cuts.
For now, WLFI remains under pressure, but the burn marks a pivotal moment in how the project intends to manage supply dynamics. Whether this strategy leads to stabilization, or simply buys time,will depend on how the market responds in the coming weeks.