Michaela
President Donald Trump and his family have seen their holdings in World Liberty Financial’s WLFI token surpass $5 billion following a major token unlock. The project has also proposed using all protocol fees to buy back and burn WLFI tokens, a move intended to reduce supply and potentially increase value for long-term holders.
Key points:
- Trump family’s WLFI holdings surpass $5B after a major token unlock, releasing nearly 25% of total supply for trading.
- World Liberty Financial proposes using all protocol fees to buy back and burn WLFI tokens, aiming to reduce supply and benefit long-term holders.
- Despite broad support for the buyback plan, some critics, including SwanDesk CEO Jacob King, warn of potential insider “pump-and-dump” activity.
On Monday, President Trump and his family made nearly 25% of the total 100 billion WLFI tokens available for public trading. Prior to the launch, early purchasers were unable to transact their tokens.
World Liberty had initially stated that the holdings of its founders, including President Trump and his sons Donald Jr., Barron, and Eric, would remain locked. Following Monday’s token release, the Trump family’s stake is now valued at roughly $5 billion based on the current WLFI price, according to The Wall Street Journal.
Data from CoinMarketCap shows that WLFI has seen more than $5 billion in trading volume over the past 24 hours. The token is currently valued at $0.25, reflecting an 11.7% increase during the same period.
WLFI Launches Buyback Proposal Amid Insider Concerns
Shortly after the WLFI token unlock, World Liberty Financial published a governance proposal to launch a token buyback and burn program. The plan would direct 100% of protocol fees from the platform’s liquidity positions on Ethereum, BNB Chain, and Solana to repurchase WLFI tokens from the market and permanently remove them from circulation.
“If this proposal is passed, WLFI will treat it as the foundation of an ongoing buyback and burn strategy. Over time, we will explore expanding the program to include additional sources of protocol revenue, with the goal of steadily increasing the scale of WLFI buybacks and burns as the ecosystem grows,” World Liberty Financial wrote in its proposal.
If approved, the program would raise the relative ownership stake of long-term holders and establish a direct connection between platform activity and token scarcity.
The majority of respondents supported the proposal, though some voiced concerns and expressed skepticism about the team behind the project.
Jacob King, CEO of SwanDesk, stated in a post on X that on-chain data indicates insiders are allegedly selling millions of WLFI tokens, describing the activity as a “blatant pump-and-dump scam.”
Read More
- UAE Firm Buys $100M Stake in Trump-Backed World Liberty Financial Token
- Trump Family Cuts Stake in World Liberty Financial to 40%
- World Liberty Financial Crypto Buying Spree Hits Nearly $45M
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
