WLFI Token Burn Initiated
To address the declining price of their WLFI crypto project, the Trump family burned 47 million WLFI tokens. Token burning is a common mechanism to increase confidence and reduce circulating supply.
According to Lookonchain, the tokens were permanently removed from circulation on Wednesday. The WLFI token began trading publicly on Monday, briefly hitting $0.331 before dropping to around $0.23. In the past 24 hours, WLFI has seen a 3.8% decline.
Impact on Token Supply
CoinMarketCap reported:
- 24.66 billion WLFI tokens unlocked so far (~25% of total 100 billion supply)
- Approximately 99.95 billion WLFI remaining
- 0.19% of circulating supply recently burned
The burn was suggested by World Liberty to implement a buyback-and-burn program, funded through protocol-owned liquidity fees. Long-term holders benefit, while short-term participants’ tokens are removed.
Despite the burn, WLFI is down 31% from launch-day highs, with short sellers influencing market dynamics. Community response to the burn has been mostly positive.
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Market Trends – Expert Opinions
Kevin Rusher, founder of the real-world asset lending ecosystem RAAC, commented:
“The buzz around WLFI shows crypto-market immaturity. Sustainable growth relies on institutional adoption rather than celebrity-launched tokens or short-term speculation.”
Mangirdas Ptašinskas, Head of Marketing at Galxe, highlighted network strain:
“Gas fees on the Ethereum network surged; a $200 transfer can now cost $300. Mainstream adoption is still far off.”
He emphasized that the ecosystem needs further development to handle a broader user base.
What This Means for Investors
The WLFI burn demonstrates that supply management can influence short-term prices. However, long-term success depends on:
- Adoption rates
- Infrastructure scalability
- Institutional involvement
The trajectory of WLFI will determine whether celebrity-backed tokens can maintain credibility in the crypto market.
