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Trump-linked WLFI burns $1.43M worth of tokens after $1M buyback

Secret3 AI

27 Sep 2025 — 1 min read

Trump-backed WLFI has burned 7.89 million WLFI tokens, valued at approximately $1.43 million, following a $1.06 million buyback funded by DeFi fees. Onchain data reveals that WLFI collected $1.01 million from fees and liquidity earnings, using it to repurchase 6.04 million WLFI on the open market. Subsequently, the team burned the tokens on the BNB Smart Chain and Ethereum, while 3.06 million WLFI, worth about $638,000, remains unburned on Solana pending future actions. This token-burning initiative stems from a governance vote aimed at reducing selling pressure by utilizing fees from WLFI-managed liquidity pools for token repurchases, excluding community and third-party pools. WLFI's price has seen a 33% drop over the past month but recently increased by over 6%. The token is trading at $0.2049, significantly lower than its all-time high. The project is associated with former President Donald Trump and his family, with significant holdings noted after a scheduled unlock of tokens earlier this month.

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Corporate Clients Hold Up to 15% of Assets on Mercado Bitcoin, Exchange Exec Says