World Liberty Financial burns 47M WLFI tokens after sell-off
World Liberty Financial burned 47 million WLFI tokens on Sept. 2, permanently removing them from supply after the newly listed token fell sharply in its first days of trading.
The burn accounted for roughly 0.19% of circulating supply and took place while WLFI was trading near $0.23, down from its early peak of $0.331 shortly after launch.
On-chain records show the total supply dropped to just over 99.95 billion tokens. CoinMarketCap data shows about 24.66 billion WLFI are currently unlocked, making the burn a small portion of available tokens.
The token started trading on secondary markets Sept. 1 and has faced continued selling pressure since launch. Both trading volume and price action trends point to persistent selling pressure during WLFI’s first days on the market.
A governance proposal published Sept. 2 seeks community approval to direct 100% of protocol-owned liquidity fees from Ethereum, BNB Chain and Solana toward ongoing WLFI buybacks on the open market. All purchased tokens would be permanently burned under the proposal.
Initial community feedback shows broad support for the proposed buyback-and-burn system. An official community vote on the proposal was still pending at publication time. If approved, the buyback program would create ongoing demand for WLFI tokens while reducing total supply over time.
World Liberty Financial maintains ties to the Trump family, which holds a significant stake in the project. The family's holdings remain locked according to prior project disclosures. The token burn comes as the project seeks to stabilize price action and build long-term value for holders through supply reduction mechanisms.
This marks the project’s first major governance decision since the token began public trading. Implementation would establish ongoing deflationary pressure through regular token burns funded by protocol revenues.
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