- Eric Trump’s “Buy the Dips” post aligns with WLFI’s repurchase of over 6M tokens.
- WLFI repurchased tokens worth $1.06M, boosting its price by 12.77%.
- WLFI burned nearly 8 million tokens across BSC and Ethereum.
World Liberty Financial (WLFI) has repurchased 6.04 million tokens for $1.06 million. This move comes shortly after Eric Trump’s post urging people to “buy the dips.” WLFI collected 4.91 million tokens and $1.06 million in fees from transactions on multiple networks, including Solana, BSC, and Ethereum.
The repurchase led to a notable price increase, with WLFI’s token price jumping by 12.77% in the last 24 hours. The current price of WLFI is $0.011188, reflecting a sharp rise in market activity.
WLFI Burns 7.89M Tokens, Reducing Circulating Supply
In addition to the repurchase, WLFI burned 7.89 million tokens, reducing its circulating supply on Ethereum and BSC. These tokens were worth an estimated $1.43 million. By removing these tokens from circulation, WLFI effectively increases the scarcity of its token, which can lead to a rise in value over time.
After the burn, 3.06 million WLFI tokens remain unburned on Solana. The burn process is part of WLFI’s broader strategy to manage token economics and maintain value. This move helps manage the overall supply of the token, potentially benefiting long-term holders.
WLFI Price Movements and Market Outlook
WLFI’s price has surged by 12.77% over the last 24 hours. However, its price has been down by 6.32% over the past week and 8.90% over the past 30 days.
At press time, the token’s current price is $0.011188, and its value is increasing as it recovers from recent declines. The immediate price resistance is at $0.02, with support at around $0.01.
The ongoing developments in the WLFI ecosystem, including the token burn and repurchase, suggest that the price could continue to fluctuate. While there is some short-term bullish sentiment, potential investors should carefully monitor the token’s movements in the volatile crypto market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
