WLFI Token Tumbles on Debut as Governance Debates Controversial Liquidity Fee Buyback Strategy
WLFI's launch day turns sour as token holders question governance's aggressive buyback mechanics.
Governance Gridlock
The proposed liquidity fee allocation—designed to fund token repurchases—sparked immediate backlash from decentralization purists and yield farmers alike. Instead of stabilizing the price, the announcement triggered a sell-off that left early backers nursing losses.
Market Reaction
Trading volumes spiked as speculators dumped positions, fearing the buyback plan would distort tokenomics and concentrate governance power. The token's failure to hold its initial price level suggests weak market confidence in managed liquidity schemes.
Another day, another token thinking it can outsmart market mechanics—because what could go wrong when governance tries to play central banker?
