World Liberty Financialโs token has had a turbulent first week, and the team is already taking drastic steps to steady the ship. On September 2, the project permanently removed 47 million $WLFI from circulation โ its first major burn since launch, representing about 0.19% of supply.
The move comes after WLFI opened trading on secondary markets earlier this week, where it briefly touched $0.4780 on Binance before slipping more than 30% amid heavy selling pressure. Early investors were able to offload allocations, adding to the slide. By burning tokens, the team hopes to tighten supply and restore some confidence among holders.
Token burns have long been a common play in crypto โ they donโt guarantee price recovery, but they can shift market psychology by signaling commitment to long-term value. In WLFIโs case, the reduction only represents a small slice of total supply, but it sets the stage for a larger buyback-and-burn program that the team has already floated to its community.
The response so far has been mixed: while many community members welcomed the burn as a show of intent, critics argue that scarcity alone canโt offset weak fundamentals. For WLFI to prove itโs more than just a โcelebrity token,โ adoption and utility will need to match the hype.
In the meantime, the market is watching closely. With volatility high and trust on the line, WLFIโs next moves could decide whether this launch becomes a short-lived flash โ or the start of something more enduring.
