WLFI Holders Approve Buyback And Burn After 41% Price Drop

World Liberty Financial is set to initiate a WLFI token buyback and burn program following a significant 41% drop in the token's value this September. The project, which has backing from the Trump family, announced that it will implement the buyback and burn strategy in order to reduce supply and stabilize token value. The WLFI token was trading at $0.19, down from its all-time high of $0.33 earlier in the month. The decision for the buyback was ratified by a community vote, allowing the team to use treasury liquidity fees from Ethereum, BNB Chain, and Solana to repurchase WLFI tokens, which will then be permanently removed from circulation. The aim is to alleviate selling pressure and contribute to a more stable price by creating scarcity within the market. However, the exact amount of tokens to be bought back remains unspecified. This initiative aligns with the project's growth strategy as increased transaction fees would further contribute to token burns, thus enhancing the stability of WLFI tokens going forward.

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