WLFI Big Move!

From on-chain data, WLFI destroyed 47 million tokens from the already unlocked treasury wallet 8 hours ago, worth $1,134.

The official statement indicates that this destruction is to commemorate the implementation of the buyback and destruction governance proposal. Notably, just the night before last, after WLFI was launched for trading, the team also bought back 6.498 million WLFI on-chain at a price of $0.308 using 2 million USD1.

From just a few days of activity, WLFI is actively signaling through buybacks and destruction:

1. Reduce circulation — destruction can alleviate market sell pressure to some extent.

2. Enhance confidence — buyback actions mean the team is willing to support market prices with real money.

3. Improve governance value — linked to governance proposals, conveying a longer-term plan.

For us, buyback destruction can indeed boost market confidence in the short term, but whether it can truly enhance value will depend on the subsequent ecological implementation and funding sustainability.

If it is just a one-time action, after the heat fades, the coin price may not stabilize, but if it can be continuously promoted, the long-term value logic will be clearer.

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