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WLFI burned 7.89 million tokens after the acquisition strategy when the price fell.
World Liberty Financial (WLFI), the DeFi project linked to former President Donald Trump, has burned 7.89 million WLFI tokens, worth approximately 1.43 million USD, after an acquisition of 1.06 million USD across multiple blockchains. On-chain data shows the project generated 1.01 million USD from 4.91 million WLFI and 1.06 million USD in fees and liquidity profits, and then spent 1.06 million USD to acquire 6.04 million WLFI on the open market.
The tokens burned on BNB Smart Chain and Ethereum, while 3.06 million WLFI (638.000 USD) remain on Solana awaiting further action. This comes after a 33% price drop in the past month; currently, WLFI is trading at 0.2049 USD, down 38% from its peak. The burn plan has been approved by 99% of WLFI holders and uses fees from liquidity pools controlled by WLFI, excluding community or third-party pools. The Trump family's holdings are valued at 5 billion USD.