WLFI Burns 47M Tokens After Price Collapse in Debut Week

World Liberty Financial has taken 47 million WLFI tokens out of circulation following the token’s market debut earlier this ￰0￱ Trump-backed digital token, introduced into the crypto market with high expectations, quickly ￰1￱ opened at $0.331 on Monday and lost more than 31% of its value within days, forcing developers to ￰2￱ Executes First Token Burn as Market Struggles On September 3, World Liberty Financial carried out its first major step to support its token by destroying 47 million ￰3￱ process, known as a token burn, permanently reduces supply. However, only a small amount of tokens have been burned; just 0.19% of the 24.66 billion currently in ￰4￱ of the 100 billion tokens first created, only one-quarter was released for public ￰5￱ has left room for speculation and sharp price swings.

Meanwhile, the token’s price has also been under pressure, partly because of heavy short selling that dragged it down during the ￰6￱ teams not only burn tokens but have also proposed a buyback program to boost the token’s market ￰7￱ Sparks Network Strain and Market Concerns The first response from the WLFI community has been largely ￰8￱ of 133 participants in early discussions, most supported the burn and showed interest in more structured strategies. A formal vote is now underway as developers work to gain broader agreement on the project’s ￰9￱ new WLFI token also put pressure on the Ethereum ￰10￱ caused transaction fees to rise ￰11￱ the busiest point, even a simple transfer costs about $50.

Mangirdas Ptasinskas from Galxe said this shows how blockchains still struggle to handle large numbers of ￰12￱ noted that scalability remains a big challenge for wider ￰13￱ with recovery efforts, many analysts are still ￰14￱ doubt whether celebrity-backed tokens like WLFI can last ￰15￱ experts say success in crypto usually depends on institutional support, not just hype. WLFI’s First Burn Raises Questions on Long-Term Value At the time of writing, WLFI trades at $0.2180, down 2.88% in the past 24 hours, according to CoinMarketCap ￰16￱ burns are now common in ￰17￱ are used to reduce supply, attract investors, and show ￰18￱ move is not unique to ￰19￱ projects also burn tokens as part of their ￰20￱ projects like Shiba Inu’s SHIB recently destroyed 537 million SHIB coins in a single ￰21￱ boosted its burn rate by more than 3,400%.

Similarly, Binance Coin (BNB) also uses burns to keep its market ￰22￱ WLFI, this is only the first step to boost its token ￰23￱ big question is whether such efforts can rebuild trust and create lasting value in a competitive market.