WLFI has completed a major token buyback and burn initiative, removing millions of tokens from circulation and executing on a community-approved strategy to fund deflation through protocol fees.

Key Takeaways

  • WLFI repurchased and burned a total of 7.89 million tokens across Ethereum, BSC, and Solana blockchains.
  • The buyback was funded entirely by $1.06 million in collected protocol fees, demonstrating full alignment with the project’s economic roadmap.
  • Circulating supply was reduced by approximately 0.029%, signaling a long-term deflationary policy.
  • This burn follows a community vote passed on September 26 to allocate 100% of treasury liquidity fees toward buybacks and burns.

What Happened?

WLFI executed a substantial on-chain buyback and token burn operation valued at roughly $1.47 million. The event, confirmed by on-chain data and community monitoring tools like Lookonchain and EmberCN, is part of a governance-backed initiative to use protocol fee income for reducing circulating supply.

Details of the Burn and Buyback Operation

The WLFI team purchased and permanently destroyed 7.89 million WLFI tokens, funded through recently collected fees across Ethereum, Binance Smart Chain (BSC), and Solana.

  • According to Lookonchain, the team spent $1.06 million to repurchase 6.04 million WLFI tokens, with these purchases traced through aggregator and treasury wallets.
  • An additional 1.85 million tokens were sourced from prior fee income already held by the protocol.
  • EmberCN reported a single transaction of 3.814 million WLFI purchased for $798,000 USDT on-chain just hours before the burn, at a price of $0.21.
  • This brought the total burn volume to 7.89 million tokens, equating to a reduction of 0.029% of the circulating supply, which stands around 27 billion tokens out of a 100 billion token maximum supply.

Governance and Community-Driven Policy

This burn marks the first major execution of WLFI’s new treasury policy, which was voted into place by the community on September 26. The proposal called for 100% of WLFI treasury liquidity fees to be used for regular buybacks and burns, and passed with near-unanimous support.

  • All repurchase and burn actions are being transparently reported by the WLFI team following each operation.
  • The initiative is part of a broader tokenomics model aiming to gradually reduce supply and increase scarcity without destabilizing the market.

WLFI Market Activity and Ecosystem Trends

Market data shows the WLFI token is experiencing heightened trading activity and volatility:

  • WLFI recorded $452.2 million in 24-hour trading volume, with the WLFI/USDT pair on Binance accounting for $93.15 million.
  • Intraday prices fluctuated between $0.114 and $0.33, reflecting both speculative interest and automated trading activity around major events like the burn.
Wlfi Price 27th Sept After Burn
Image Credit – CoinGecko.com

On-chain analytics also show that addresses holding between 1 million and 10 million WLFI grew their balances by 26.72 million tokens in just the past week. This suggests accumulation by mid-sized holders, potentially in response to WLFI’s deflationary measures.

CoinLaw’s Takeaway

I’ve seen a lot of buyback schemes in crypto, but this WLFI operation stands out. Why? Because it’s entirely fee-funded, fully governance-approved, and strategically spread across chains. The transparent execution, combined with growing mid-tier accumulation, shows WLFI is trying to build a sustainable economic model rather than pump prices. In my experience, moves like this only work long-term when backed by community trust and consistent execution. WLFI might just be doing it right.

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Kelvin Scott

Kelvin Scott

Finance News Analyst


Kelvin Scott, with over 8 years of experience, covers the latest trends in digital assets, financial markets, and regulatory developments. With a strong focus on accuracy and clarity, he delivers timely updates to help readers navigate the fast-changing world of crypto and finance.
Disclaimer: The content published on CoinLaw is intended solely for informational and educational purposes. It does not constitute financial, legal, or investment advice, nor does it reflect the views or recommendations of CoinLaw regarding the buying, selling, or holding of any assets. All investments carry risk, and you should conduct your own research or consult with a qualified advisor before making any financial decisions. You use the information on this website entirely at your own risk.

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