Trump-Linked WLFI Burns $1.43M After $1.06M Buyback
WLFI executed a $1.06 million buyback across Ethereum, Solana and BNB Smart Chain, repurchasing 6.04 million tokens using DeFi fees and liquidity earnings. On September 26, the Trump-linked DeFi project burned 7.89 million WLFI tokens worth $1.43 million through a governance-approved mechanism to cut supply and relieve selling pressure.
A further 3.06 million tokens (approx. $638,000) remain on Solana pending future burns. WLFI trades at $0.20, down nearly 60% from its all-time high and 33% in the past month. The platform also signed an MOU with Korean exchange Bithumb to expand its USD1 stablecoin in Asia. This buyback-and-burn strategy reflects evolving DeFi governance tools aimed at boosting scarcity and restoring market confidence.
Bullish
The large-scale buyback and token burn reduce WLFI’s circulating supply, which can alleviate selling pressure and support price stabilization. In the short term, the buyback-and-burn event is likely to trigger a positive price response as scarcity increases. Over the long term, the governance-approved mechanism and the Bithumb partnership to expand the USD1 stablecoin in Asia may enhance market confidence and adoption, further reinforcing a bullish outlook for WLFI.