World Liberty Financial Token Burns 47 Million WLFI Amid Price Volatility

World Liberty Financial executed a significant token burn this week, removing 47 million WLFI tokens from circulation in an effort to stabilize its sliding price. The TRUMP family-backed project saw its token drop 36% from its launch high of $0.331 to approximately $0.23, sparking concerns among traders.

A new governance proposal suggests redirecting 100% of protocol-owned liquidity fees toward buyback and burn initiatives. "Every trade means fewer tokens in circulation," the project stated, aiming to create deflationary pressure. Onchain analytics firm Lookonchain confirmed the burn transaction, valued at $11.34 million.

Market participants remain divided. While some investors like Andrew Tate doubled down on positions, others raised red flags about potential insider activity. The token's volatile debut highlights the challenges new projects face in maintaining stability during initial exchange listings.