World Liberty Financial has announced a token buyback and burn program for its WLFI token following a 41% price decline over the past month. The initiative, approved by 99% of token holders, will utilize liquidity fees from Ethereum, BNB Chain, and Solana to repurchase and burn tokens, aiming to reduce supply and stabilize the price.
The company has committed to transparency by publicly disclosing each buyback and burn. While the program could potentially eliminate up to 4 million tokens daily, the actual number will depend on the fees collected. This move is designed to restore investor confidence and counteract the recent downward price trend.
World Liberty Financial Initiates Token Buyback and Burn After Price Drop
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