In brief
- The buyback plan would redirect 100% of fees from protocol-owned liquidity pools across Ethereum, BSC, and Solana.
- Proponents claim that linking fees to token burns enhances scarcity and boosts long-term value for holders.
- Analysts caution the effect may be limited by upcoming unlocks and WLFI’s high valuation.
Less than a day through its Labor Day debut, World Liberty Financial’s WLFI token fell sharply as trading volume swelled nearly tenfold.
The governance token dropped from a high of $0.33 to near $0.21 in late Monday trading before settling at around $0.245, with trading volume increasing from approximately $259 million at launch to $2.5 billion, according to data from CoinGecko.
WLFI is down approximately 14% from its debut price of $0.28, but remains significantly higher for early whitelisted buyers who acquired tokens at around $0.015 each.
In light of recent develo
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Author: Vince Dioquino
