šØ TRUMPāS WLFI GOING FULL BURN MODE š„ ā SMART OR STRUGGLING?
So this morning, my phone buzzed:
āYo bro, Trumpās token is burning faster than my patience with this market.ā š I had to check. And yepā¦WLFI just voted (99.8% yes) to use *100%* of its treasury liquidity fees for buybacks and burns across Ethereum, BNB Chain, and Solana.
Sounds spicy right? Shrink the supply, drive price up, reward holders. Classic playbook. But context matters. And WLFIās history aināt looking too pretty.
First off, it dumped 40% in the first 3 days post-launch. Still down over 28% from listing. They already burned 47 million tokens beforeāand the market didnāt blink. Thatās why this recent vote feels more like a āwe need to fix this fastā move, not some confident long-term strategy
Still, burns can work *if* demand holds up. Thatās the big IF. Without fresh buyers, all the burning in the world wonāt matter. This could either be the spark for a surprise comeback⦠or just another token slowly fading into meme history
Now for the trade talk: WLFI is hovering around 0.225 right now. If bulls catch the story and volume picks up, we could see a quick pop toward0.409ā0.512. Entry under0.2206 looks like the best risk zone. But set tight stops around $0.212āthis oneās got no chill if it breaks down
The opportunity here isnāt about fundamentals. Itās about vibes. If the Trump angle catches fire again or crypto Twitter decides to meme it into relevance, itāll fly. But donāt expect the burns alone to do all the heavy lifting
Short-term solution? Let the burn narrative play outāride the hype, not the hope. If youāre holding, monitor on-chain whale movement and volume spikes. If thereās no real demand showing up, donāt get stuck.
Expected outcome? Either a wild meme rally or another flatline. Community energy will decide this oneānot tokenomics.
So hereās my question for youāare token burns actually effective in todayās meme coin meta, or are they just smoke and mirrors for bag holders? š¤ Letās talk