Trump-Linked DeFi Project WLFI Burns $1.43M Tokens in Supply Reduction Move

World Liberty Financial (WLFI), a decentralized finance project associated with former U.S. President Donald Trump, has executed a strategic token burn destroying 7.89 million WLFI tokens valued at $1.43 million. This supply shock follows a $1.06 million buyback funded by protocol fees, with 99% community approval through governance voting.

The deflationary mechanism saw WLFI repurchase 6.04 million tokens from open markets before permanent removal from circulation. On-chain data reveals the project accumulated 4.91 million tokens ($1.01M) plus $1.06M in liquidity pool fees to fuel the buyback-and-burn operation.

Despite these supply constraints, WLFI trades at $0.21 - 38% below its all-time high. The protocol continues employing DeFi revenue streams to systematically reduce circulating supply and mitigate sell pressure.