WLFI Allocates 100% Treasury Fees to Buybacks and Burns
WLFI token trades at $0.19, down 14% weekly and 57% below its $0.46 all-time high. On Sept. 25, holders approved a proposal to allocate 100% of treasury liquidity fees to token buybacks and burns. This deflationary strategy aims to reduce the 24.6 billion circulating supply and support long-term value. Despite the update, WLFI faces bearish pressure and struggles to hold the $0.19 support level. The RSI stands at 40, indicating weak momentum. Immediate resistance is at $0.21–$0.22, with next support at $0.18. All buyback and burn details will be publicly disclosed.
Bullish
Allocating 100% of treasury liquidity fees to buybacks and burns introduces a deflationary mechanism that should reduce WLFI’s circulating supply over time and support price stability. Historical precedents like BNB’s burn program and OKB’s buybacks have contributed to price appreciation by enhancing scarcity. However, with a total supply of 24.6 billion tokens, the immediate effect may be limited, and current technical indicators, such as the RSI at 40, suggest short-term bearish pressure. Traders should monitor key levels at $0.19–$0.18 support and $0.21–$0.22 resistance. Overall, the initiative is a bullish catalyst for WLFI’s long-term outlook.