World Liberty Financial burned 1.43 million dollars of WLFI after a buyback of 1 million dollars of WLFI.

World Liberty Financial (WLFI), a decentralized finance (DeFi) project linked to President Donald Trump, has burned 7.89 million WLFI tokens, equivalent to approximately 1.43 million USD, after conducting a buyback of 1.06 million USD WLFI across various chains.

Data from Lookonchain shows that the project has raised 4.91 million WLFI (, 1.01 million USD ) along with 1.06 million USD from fees and liquidity profits from DeFi activities. The team spent 1.06 million USD to buy back 6.04 million WLFI on the open market.

Later, they burned 7.89 million WLFI on BNB Smart Chain and Ethereum, while 3.06 million WLFI (638.000 USD) has not yet been burned on Solana, awaiting further actions.

This action takes place against the backdrop of WLFI's price dropping by 33% over the past month. At the moment, WLFI is trading at 0.2046 USD, up more than 6% in the last 24 hours. However, this token is still down more than 38% from its all-time high.

WLFI token burn plan approved

The token burn strategy was formed from a governance vote passed earlier this month, in which 99% of holders agreed with the proposal. According to the plan, fees collected from liquidity pools managed by WLFI will be used to buy back tokens, which will then be permanently removed from circulation through the burning process.

According to information from the team, this mechanism aims to reduce the total supply and alleviate selling pressure in the market. The project has also clarified that only fees from liquidity controlled by WLFI will be considered in this process, while community and third-party liquidity pools will not be taken into account.

Some on-chain analysts have hypothesized that this program could burn 4 million WLFI each day, equivalent to nearly 2% of the total annual supply. However, the specific figures regarding the amount of tokens burned have not yet been clearly defined.

According to a report from Coinphoton, an entity related to Donald Trump and his family is currently controlling about 5 billion USD WLFI, after unlocking 24.6 billion tokens according to schedule earlier this month.

The company's website lists DT Marks DEFI LLC and members of the Trump family, including Donald Jr., Barron, and Eric, as the initial holders of 22.5 billion WLFI, with the price soaring to $0.40 before falling to around $0.21.

Mr. Giáo