WLFI’s token burn removed 7.89 million WLFI (≈$1.43M) after a $1.06M buyback funded by DeFi fees; 3.06 million WLFI (≈$638K) remain on Solana awaiting action, reducing circulating supply and aiming to ease selling pressure.
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7.89M WLFI burned across BNB Chain and Ethereum — ~$1.43M value
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Buyback used $1.06M in DeFi fees and liquidity earnings, repurchasing 6.04M WLFI on open markets.
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3.06M WLFI (~$638K) remain unburned on Solana; governance approved burn-by-fee mechanism with 99% support.
WLFI token burn removed 7.89M tokens (~$1.43M) after a $1.06M DeFi-funded buyback — read details and next steps for holders.
What is the WLFI token burn and why does it matter?
WLFI token burn is a supply-reduction event where World Liberty Financial permanently removed 7.89 million WLFI from circulation after repurchasing tokens with $1.06M sourced from DeFi fees. The burn aims to reduce supply, ease sell pressure, and support tokenomics following a recent price decline.
How did World Liberty Financial fund the buyback and execute the burn?
The buyback was funded by fees and liquidity earnings from WLFI-managed pools. Onchain analysis by Lookonchain shows the project collected 4.91 million WLFI (~$1.01M) plus $1.06M in fees and liquidity earnings, using $1.06M to repurchase 6.04M WLFI. The team then burned 7.89M WLFI on BNB Smart Chain and Ethereum, while 3.06M WLFI (~$638K) remains unburned on Solana pending further action.
Frequently Asked Questions
How many WLFI tokens remain unburned and where are they?
3.06 million WLFI (~$638,000) remain unburned on Solana. The team states these tokens are pending further actions and are excluded from the initial cross-chain burns that occurred on BNB Smart Chain and Ethereum.
What governance decision enabled the burn program?
A governance vote passed with 99% approval for a fee-funded repurchase-and-burn mechanism. The proposal mandates using fees from WLFI-controlled liquidity pools only; community and third-party liquidity are excluded.
WLFI buyback and burn. Source: Lookonchain
When did WLFI’s price move relative to the burn?
WLFI fell roughly 33% over the past month before the burn. As of the latest market snapshot, CoinGecko reports WLFI trading at $0.2049, up over 6% on the day but still more than 38% below its all-time high.
How can holders track WLFI burns onchain?
Steps to monitor WLFI burns:
- Check wallet and contract burn transactions on chain explorers for BNB Smart Chain, Ethereum, and Solana.
- Review public governance proposals and vote records to confirm burning mechanisms.
- Monitor fee and liquidity reports published by the WLFI team and onchain analytics reported by sources like Lookonchain (plain text reference).
Key Takeaways
- Supply reduction: 7.89M WLFI burned (~$1.43M) to reduce circulating supply.
- DeFi-funded buyback: $1.06M in fees and earnings repurchased 6.04M WLFI on open markets.
- Ongoing action: 3.06M WLFI (~$638K) remain on Solana and may be burned later pending team decisions.
Conclusion
World Liberty Financial’s WLFI token burn, financed by DeFi fees, represents a deliberate move to tighten supply after a price decline. The burn removed 7.89 million WLFI (~$1.43M) while leaving 3.06 million on Solana awaiting action. COINOTAG will monitor onchain reports and governance updates as the project implements its fee-funded repurchase mechanism.
