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WLFI Token Struggles Continue Despite Burn Mechanism Implementation
WLFI Token Struggles Continue Despite Burn Mechanism Implementation
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BTCCSquare news:
World Liberty Financial's WLFI token, backed by the TRUMP family, faces ongoing price pressures despite initiating a token burn program. The project destroyed 47 million WLFI tokens on September 2, representing just 0.19% of the 100 billion total supply. This marginal reduction failed to prevent a 32% price drop from its $0.331 debut peak.
The team proposes expanding the burn mechanism using protocol-owned liquidity fees for regular buybacks. Community sentiment appears cautiously optimistic, with majority support among 133 proposal comments. However, the token's performance continues to test investor patience as the market weighs the effectiveness of supply-side interventions against broader selling pressure.
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