World Liberty Financial (WLFI) burns 7.89 million tokens worth $1.43 million after a $1.06 million buyback across chains. Data shows $1.06 million spent on repurchasing 6.04 million tokens. WLFI currently trading at $0.2049, up 6% in a day, down 38% from all-time high. 3.06 million WLFI remains unburned on Solana.

WLFI token-burning plan approved by 99% of holders. Fees from managed liquidity pools used for buybacks, then permanently removed via burns to reduce total supply. Mechanism aims to alleviate selling pressure. Speculation suggests 4 million WLFI could be burned daily, unclear exact figures.

Entity linked to Trump family controls $5 billion worth of WLFI after 24.6 billion token unlock. DT Marks DEFI LLC and Trump family members listed as initial holders of 22.5 billion WLFI. Price briefly spiked to $0.40 before settling around $0.21. Magazine: Bitcoin mining industry concerns.

Read more at Cointelegraph: Trump-Linked WLFI Burns $1.43M in Tokens After Recent Buyback