WLFI Token Shows Signs of Recovery Amid Buyback Proposal
- WLFI token has rebounded by 3% in the last 24 hours, currently trading near $0.2.
- The token experienced a steep decline, hitting an all-time low of $0.1614 and falling nearly 50% from its September peak of $0.46.
- World Liberty Financial proposed using all treasury liquidity fees for a buyback and burn program, with over 99% community support.
- The project has already burned approximately 47 million of its total supply of 24.6 billion WLFI tokens.
- Recent actions included freezing Justin Sun’s wallet after he sold $9 million worth of tokens, impacting over $3 billion in holdings.
The WLFI token is attempting to regain momentum following significant volatility and a proposed buyback strategy aimed at reducing supply and enhancing value for holders.
With the recent price recovery from an all-time low and community backing for the buyback plan, WLFI aims to stabilize its position in the market after facing a substantial decline since launch. (Source)
