World Liberty Financial Token Burn: A Strategic Move Amid Market Uncertainty
On September 2, World Liberty Financial (WLFI) burned 47 million WLFI tokens in a strategic move.According to Lookonchain, this action aimed to bolster confidence after WLFI prices fell 55% from its launch high.
This destruction of 0.19% of circulating supply reduced the total WLFI tokens to roughly 99.95 billion. Despite this effort, the WLFI price remains stagnant at $0.23.
The token debuted at $0.46 but rapidly declined, leading to a robust $0.21 support level. While there’s hope forWLFI price recovery, current trading patterns show market uncertainty.
- Price consolidation above $0.21 suggests potential stability.
- Diminished trading volume indicates weakening market interest.
The WLFI team proposed a community-backed buyback initiative using protocol fees. If approved, this could permanently reduce WLFI supply, possibly boosting its price momentum.
For more updates, follow World liberty Financial’s official Twitter page.
