World Liberty Financial, the cryptocurrency launched by the Trump family’s crypto venture, carried out a token burn of 47 million WLFI tokens on September 2, sending them to a permanently inaccessible burn address, according to Lookonchain. The burn accounts for roughly 0.19% of the current circulating supply of just over 24.66 billion tokens, reducing the total supply to about 99.95 billion.
Despite the burn occurring around 15 hours ago, WLFI’s price has remained largely unchanged. The token is still trading at $0.23, near yesterday’s closing level, following a roughly 55% drop from its post-launch all-time high of $0.46.
Since that decline, WLFI has been consolidating above support at approximately $0.21, while facing resistance around $0.25–$0.26, corresponding to post-launch peaks after the initial sell-off.
Near-term recovery remains uncertain. The token’s 1-hour chart shows small-bodied candles, indicating market indecision, and trading volume has fallen sharply since yesterday, signaling weakening momentum and low market participation.
Buyback plan may boost WLFI price
While the recent token burn hasn’t moved WLFI’s price, holders who invested post-launch remain cautiously optimistic. Yesterday, the team unveiled a proposal for a continuous buyback-and-burn program, financed through protocol-owned liquidity fees.
If implemented, this program could create ongoing deflationary pressure on WLFI’s supply, potentially reigniting price momentum.
