World Liberty Financial executed a $11.34 million WLFI token burn from its treasury wallet, following a buyback-and-burn governance proposal, marking significant on-chain activity since trading commenced.
On Sept. 3, World Liberty Financial burned 47 million WLFI tokens, valued at approximately $11.34 million, from an unlocked treasury wallet. The burn commemorated a buyback-and-burn governance proposal, according to on-chain analyst Yujin. Two days prior, after WLFI trading went live, the project repurchased 6.498 million WLFI on-chain at $0.308 per token using 2 million USD1. This confirmed execution follows earlier reports of pending multisig approval.