My dear readers, it appears that the World Liberty Financial, a crypto venture generously supported by the Trump family, has embarked upon a most peculiar course of action: the burning of its native WLFI tokens. In an attempt to revive their faltering fortunes, they have commenced this rather desperate measure following a most alarming decline in price since the grand launch.
On the 2nd of September, data from the esteemed Lookonchain revealed that no fewer than 47 million WLFI tokens were dispatched to the dreaded burn wallet, never to return to the realm of circulation. A rather dramatic step, one might say, considering the token has plummeted nearly 32% from its peak of $0.331 to a much humbler $0.23.
WLFI Presale Price vs. Current Market Performance
Token burns, my dear friends, are not an uncommon practice in the world of crypto-where scarcity is oft employed to raise the value of the remaining supply. Yet, with WLFI’s original supply numbering a staggering 100 billion tokens, the 47 million tokens burned only represent a modest 0.19% of the whole. One might wonder, with such a small fraction taken out, whether the impact will indeed be as great as the project’s team hopes.
Nevertheless, World Liberty has also put forward a proposal most curious indeed: to extend the burn mechanism by using protocol-owned liquidity fees for regular token buybacks and burns. The team assures us this strategy will reward those who hold steadfastly onto their tokens and dissuade those traders who, as we all know, delight in selling at the first sign of a price drop. Quite an ambitious plan, if I may say so!
What’s more, the community has responded with a rather positive air, with the majority of the 133 comments on the proposal expressing support, though we must remember that an official vote has yet to be cast.
WLFI Price Drop Raises Investor Concerns
Despite their best efforts, however, the WLFI price remains under duress, reflecting a more general skepticism towards “celebrity tokens.” Kevin Rusher, the founder of a real-world asset lending platform, has remarked that the current situation highlights crypto’s youthful inexperience.
“True longevity will come from institutional adoption, not short-term hype,” he cautions, adding that the speculative nature of tokens like WLFI risks eroding trust in the entire industry. Quite the wise observation, I must say.
Others, ever diligent, have pointed to the token’s curious effects on the Ethereum network. Mangirdas Ptašinskas of Galxe reports that WLFI’s launch sent gas fees soaring to a staggering $50 for every $200 transferred, underscoring the ongoing issues of scalability that continue to plague the crypto space.
“If a single trading frenzy can do this, crypto isn’t yet ready for mainstream adoption,” he observes, proving that, despite the buzz, some things remain rather unready for the public.
Indeed, this WLFI token burn is part of a broader attempt to restore confidence after a rather rocky debut. But, alas, with the token still down over 30% from its peak, one must wonder: will these tokenomics tweaks alone be enough to sustain any lasting value?
Some analysts, ever the pragmatists, suggest that, beyond these cuts in supply, the true measure of success will depend not on mere speculative hype but on real-world adoption and substantial use cases. What a thought!
What is WLFI, and who owns it?
WLFI is the native token of World Liberty Financial, a venture mostly owned by the Trump family.
What was the WLFI presale price?
WLFI launched at a price between $0.33 and $0.40, though it now languishes around $0.23.
Why did WLFI burn 47M tokens?
In a rather grand effort to reduce supply and create scarcity, though this amounts to only 0.19% of the circulating tokens.
Where can WLFI be traded?
WLFI can be traded on major exchanges such as Binance, Kraken, and OKX.
How much are the Trumps’ WLFI holdings worth?
They are estimated to be worth over $5 billion on paper, though most of their tokens are locked up. A rather large sum, wouldn’t you say?
Read More
- FTN PREDICTION. FTN cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- STETH PREDICTION. STETH cryptocurrency
- Silver Rate Forecast
- Gold Rate Forecast
- USD HKD PREDICTION
- EUR INR PREDICTION
- EUR CHF PREDICTION
- Brent Oil Forecast
- USD KRW PREDICTION
2025-09-03 14:00