World Liberty Financial (WLFI) has proposed a buyback and burn program to stabilize its token's value after a sharp price drop. The plan involves using fees from its liquidity pools on Ethereum, BNB Chain, and Solana to buy back WLFI tokens from the market. These tokens would then be permanently removed from circulation, reducing supply and potentially increasing scarcity and value for long-term holders.
This proposal follows a significant decline in the WLFI token's price shortly after its launch, falling from a high of $0.331 to a low of $0.210. The drop was partly driven by short sellers who profited from the price decline.
The project has also faced controversy, with some traders and social media users raising concerns about potential insider trading and price manipulation. Accusations of a "pump and dump" scheme and skepticism about the project's tokenomics have spread, with critics pointing to the involvement of public figures like Eric Trump. The WLFI team has not commented on these claims.
Despite the recent volatility and criticism, some prominent individuals are showing renewed confidence. For instance, Andrew Tate reportedly opened a new long position on the token after his previous one was liquidated, signaling his belief in a potential price recovery.
September 2025, Cryptoniteuae