WLFI Holders Approve Buyback & Burn as Price Plummets 41%

WLFI buyback and burn follows governance vote

The decision to implement a token buyback and burning process for its treasury liquidity fees was made after a community vote, which saw overwhelming support with 99% approval from the token holders. According to the project, the liquidity fees generated on platforms such as Ethereum, BNB Chain, and Solana will be utilized to repurchase WLFI tokens on the open market, subsequently sending these tokens to a burn address to be permanently eliminated from circulation.

The WLFI team disclosed in their proposal that this mechanism will directly tighten the supply of tokens, which should help support a more stable price by making WLFI scarcer. They emphasized that every trade involving liquidity from the platform will contribute to reducing circulating supply, aligning with broader efforts to stabilize the token’s value amid the recent downturns.

Supporting this initiative, the team highlighted that increased platform activity and growing fees would lead to more tokens being burned. However, they clarified that only liquidity generated from WLFI-controlled pools — and not from third-party or community liquidity pools — will be subject to the burn mechanism.

Unclear on how many tokens will be burned

Some community members speculate that the burn mechanism could eliminate approximately 4 million WLFI tokens daily, which would equate to nearly 2% of the total supply annually. However, the project team has not specified the exact number of tokens to be purchased and burned, leaving some uncertainty about the program’s full scope.

Attempts to obtain further details from World Liberty Financial have yet to receive a response by the time of publication.

As crypto markets remain highly volatile, initiatives like buyback and burn strategies are increasingly viewed as tools to support token value and investor confidence in the evolving landscape of blockchain-based finance.

This article was originally published as WLFI Holders Approve Buyback & Burn as Price Plummets 41% on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.