No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 1, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

World Liberty Burns 47M Tokens as WLFI Price Slides

by TheAdviserMagazine
4 weeks ago
in Cryptocurrency
Reading Time: 2 mins read
A A
World Liberty Burns 47M Tokens as WLFI Price Slides
Share on FacebookShare on TwitterShare on LInkedIn


The Trump family’s crypto project, World Liberty Financial, has begun burning its namesake token in a bid to boost its price, which has been in decline since launching to the public on Monday.

Onchain data first reported by Lookonchain showed the platform burned 47 million World Liberty Financial (WLFI) tokens on Wednesday, permanently removing them from the supply.

The token began trading on secondary markets for the first time on Monday, with its early investors allowed to sell their holdings to the public. The token briefly hit a peak of $0.331, but it has continued to decline, dropping 3.8% in the past day to just over 23 cents.

Crypto projects undertake token burns in a bid to tighten supply and theoretically boost the value of the remaining tokens.

Source: Lookonchain

Burn a fraction of WLFI’s supply

CoinMarketCap shows around 24.66 billion tokens, or just over 25% of WLFI’s original 100 billion supply, have so far been unlocked, with the burn representing 0.19% of the token’s circulating supply. 

The transaction on Etherscan shows that the tokens were sent to a burn wallet on Sept. 2, with Etherscan now showing that the tokens’ total supply has been reduced to just over 99.95 billion.

World Liberty put forward a proposal on Tuesday to implement a token buyback and burn program using protocol-owned liquidity fees in an effort to drive up the scarcity and price.

The team claims in the proposal that a token burn would “increase the relative ownership percentage of committed long-term holders,” while removing from circulation tokens “held by participants not committed to WLFI’s long-term growth.” 

The token is down over 31% from its opening high on its launch day, as short sellers offloaded the token, a problem the token burn aims to address.

The majority of the 133 respondents in the comments section below the proposal have voiced approval, with an official vote yet to occur.

Token launch shows market needs time to mature

Kevin Rusher, founder of real-world asset borrowing and lending ecosystem RAAC, said in a statement after the launch, he thinks the hype around the WLFI token shows crypto is still struggling to grow up.

He argues that true longevity in the ecosystem will be determined by institutional adoption, not “celebrity tokens or short-term hype.”

Related: Trump family’s World Liberty stake surges to $5B after token unlock

“The concern, however, is that such blatantly speculative trading continues to damage trust in crypto, and that’s the opposite of what is required to build a truly resilient, long-term financial system,” Rusher added.

Meanwhile, Mangirdas Ptašinskas, head of marketing and community at Web3 identity and rewards platform Galxe, said the token launch sent Ethereum gas fees “into the stratosphere,” which he thinks should be a warning to builders that “our job is still far from done.”

“If a spike in trading can suddenly push fees on a $200 transfer to $50, there is still work required to prepare the crypto ecosystem for the mainstream adoption that is undoubtedly coming,” he said. 

Magazine: The one thing these 6 global crypto hubs all have in common…



Source link

Tags: 47MburnsLibertyPriceslidestokensWLFIworld
ShareTweetShare
Previous Post

Budgeting for Your Saudi Arabia Visa and Trip

Next Post

Bitcoin steadies at $111K as stablecoin liquidity boosts confidence

Related Posts

edit post
Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

by TheAdviserMagazine
September 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The European Central Bank (ECB) is reportedly...

edit post
SEC Guidance Lets Ripple, Coinbase, BitGo Act as Custodians

SEC Guidance Lets Ripple, Coinbase, BitGo Act as Custodians

by TheAdviserMagazine
September 30, 2025
0

The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment advisers to use state-chartered trust...

edit post
White House withdraws nomination of Brian Quintenz for CFTC chair

White House withdraws nomination of Brian Quintenz for CFTC chair

by TheAdviserMagazine
September 30, 2025
0

Key Takeaways The White House has withdrawn Brian Quintenz's nomination to chair the CFTC, ending his potential leadership of the...

edit post
what it means for spreads, taxes and flows

what it means for spreads, taxes and flows

by TheAdviserMagazine
September 30, 2025
0

The largest Bitcoin ETF in the world has just revamped its process for moving coins in and out of the...

edit post
Crypto.com Granted Full Set of CFTC Derivatives Licenses for U.S. Expansion

Crypto.com Granted Full Set of CFTC Derivatives Licenses for U.S. Expansion

by TheAdviserMagazine
September 30, 2025
0

Crypto.com has received regulatory approval to offer margined derivatives trading on cryptocurrencies and other asset classes in the United States....

edit post
XRP Price Jumps As Bloomberg Says XRP ETF Approval Certain

XRP Price Jumps As Bloomberg Says XRP ETF Approval Certain

by TheAdviserMagazine
September 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage The XRP price has jumped 2.5% in...

Next Post
edit post
Bitcoin steadies at 1K as stablecoin liquidity boosts confidence

Bitcoin steadies at $111K as stablecoin liquidity boosts confidence

edit post
Apollo Micro Systems shares rally 4%, extend winning streak to 4 days

Apollo Micro Systems shares rally 4%, extend winning streak to 4 days

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
MODEC secures full EPCI contract to deliver FPSO for Hammerhead project

MODEC secures full EPCI contract to deliver FPSO for Hammerhead project

0
edit post
Find an Authentic yet Modern Escape in Durango, Mexico

Find an Authentic yet Modern Escape in Durango, Mexico

0
edit post
Audit client acceptance and continuance 

Audit client acceptance and continuance 

0
edit post
The FX Global Code: Why Now Is the Time

The FX Global Code: Why Now Is the Time

0
edit post
Linens & Hutch ALL Comforter Sets as low as .70 shipped! {Ends Tonight!}

Linens & Hutch ALL Comforter Sets as low as $32.70 shipped! {Ends Tonight!}

0
edit post
IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

0
edit post
MODEC secures full EPCI contract to deliver FPSO for Hammerhead project

MODEC secures full EPCI contract to deliver FPSO for Hammerhead project

October 1, 2025
edit post
We’re not in an ‘AI winter’—but here’s how to survive a cold snap

We’re not in an ‘AI winter’—but here’s how to survive a cold snap

October 1, 2025
edit post
Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff

Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff

October 1, 2025
edit post
Find an Authentic yet Modern Escape in Durango, Mexico

Find an Authentic yet Modern Escape in Durango, Mexico

October 1, 2025
edit post
IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

IKEA-backed NORNORM raises €50M as it sits pretty on profitability across core markets

October 1, 2025
edit post
Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

Sunny Agrawal flags overpriced unlisted stocks amid IPO frenzy

October 1, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • MODEC secures full EPCI contract to deliver FPSO for Hammerhead project
  • We’re not in an ‘AI winter’—but here’s how to survive a cold snap
  • Trump’s high tariffs on several countries to hold back US economic growth: Harvard economist Kenneth Rogoff
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.