The WLFI token burn is a supply-reduction measure: World Liberty Financial sent 47 million WLFI to a burn address on Sept. 2, lowering total supply and aiming to tighten circulating tokens to support price recovery while protocol governance evaluates a wider buyback-and-burn plan.
47 million WLFI burned on Sept. 2
Burn equals roughly 0.19% of circulating supply; on-chain data reported by Lookonchain and visible on Etherscan.
Token down ~31% from launch peak; proposal for ongoing buyback-and-burn in governance comments (133 respondents).
WLFI token burn reduces supply to restore price momentum; read on-chain details, market impact and key takeaways from World Liberty Financial.
World Liberty Financial has turned to burning tokens in an attempt to stem a price drawdown its cryptocurrency has seen since it started trading publicly on Monday.
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The WLFI token burn is an on-chain transfer of 47 million WLFI to a burn address executed on Sept. 2, intended to remove tokens from circulation to increase scarcity and support price stability. The move follows the token’s public trading debut and a subsequent price decline.
CoinMarketCap data indicates about 24.66 billion WLFI tokens are unlocked — just over 25% of the original 100 billion supply. The 47 million token burn represents approximately 0.19% of current circulating supply, reducing reported total supply to about 99.95 billion as reflected in Etherscan transaction records.
WLFI briefly peaked at $0.331 on launch day but has since fallen more than 31% from that high, trading near $0.23 as sellers took profits and short positions increased. The burn is a short-term protocol action; broader market confidence will depend on sustained liquidity, governance follow-through, and institutional uptake.
World Liberty Financial proposed a buyback-and-burn program funded by protocol-owned liquidity fees to increase token scarcity. Community feedback shows majority approval across 133 respondents, though a formal vote is pending. The proposal frames burns as a way to raise the relative ownership percentage for long-term holders.
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Source: https://en.coinotag.com/world-liberty-financial-wlfi-undertakes-token-burn-as-possible-measure-to-curb-post-launch-price-decline/