The native token of the World Liberty Financial (WLFI) DeFi protocol, backed by former U.S. President Donald Trump and his family, has surged following a governance vote that approved a permanent buyback and burn mechanism. WLFI holders overwhelmingly supported the proposal with 99.84% in favor, directing all fees earned from protocol-owned liquidity across Ethereum, BNB Chain, and Solana to purchase WLFI tokens on the open market and permanently remove them from circulation.
The token has risen over 6% in the last 24 hours and more than 13% in the past week, trading at approximately $0.236. This move aims to reduce supply, increase scarcity, and bolster long-term holder value by flushing out speculative liquidity. However, the protocol has not disclosed estimated revenue figures for these buybacks, leaving market observers uncertain about the scale of impact.
WLFI debuted for trading in early September, initially skyrocketing to over $0.33 (a 1,700% gain for allowlisted buyers) but subsequently declining by 28% from its launch price to $0.2223. The Trump family's holdings, totaling 22.5 billion tokens, were valued as high as $6 billion at peak but now stand at around $5 billion.
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