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4h ago

WLFI Executes $1.06 Million Buyback, Burns $1.43 Million in Tokens to Reduce Supply

Holders authorized fee-driven buybacks by a 99% vote, with the token near $0.205 after recent volatility.

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Overview

  • The team repurchased about 6.04 million WLFI using $1.06 million in protocol fees, then burned 7.89 million tokens across Ethereum and BNB.
  • Roughly 3.06 million WLFI on Solana remains earmarked for future burns, according to on‑chain updates.
  • The buyback-and-burn program is funded only by fees from WLFI‑managed liquidity and excludes third‑party or community pools.
  • WLFI traded around $0.205 on Saturday, posting a short‑term rebound while still more than 38% below its high.
  • Entities linked to the Trump family are reported to control a multibillion‑dollar WLFI position following recent unlocks, underscoring holder concentration.