Trump-backed World Liberty Financial targets token stabilization through a new buyback program as WLFI hits fresh lows amid political headwinds and ongoing legal disputes.
WLFI has fallen about 10% since Tuesday and over 66% this year after Republicans underperformed in the midterms, and the project now plans buybacks funded by USD1 stablecoin reserve fees. Ongoing buybacks can absorb supply and support the price, but past efforts (like $65.6 million disclosed in April) failed to stop the slide, and Justin Sun's motion for court sanctions over roughly 4 billion frozen WLFI tokens adds legal overhang.
The project says buybacks are meant to encourage more active participation in governance and put more voting power in the hands of committed long-term holders, funded by fees from reserves backing its USD1 stablecoin and other sources.
WLFI has lost about 10% of its value since Tuesday and more than 66% this year.
The TRUMP memecoin hit a record low as Republicans performed worse than expected in the U.S. midterm elections. The token is politically correlated, and the continued post-election weakness plus the negative sentiment around Trump-linked crypto ventures argue for further pressure.
It hit a record low after Republicans performed worse than expected in the U.S. midterm elections.
Trump Media shares hit record lows after Republicans performed worse than expected in the midterm elections. The stock's political linkage makes continued post-election weakness likely, though the article provides no company-specific financial developments.
World Liberty Financial is initiating a new token buyback program to stabilize the WLFI token, which has plummeted over 66% this year. The project intends to use fees from its USD1 stablecoin reserves to fund the purchases, aiming to consolidate governance power among long-term holders. This move follows a broader market decline for Trump-linked assets following disappointing Republican midterm election results.
The project aims to encourage active governance participation and consolidate voting power among committed long-term holders using fees generated from its USD1 stablecoin reserves.
The project is involved in a lawsuit with Tron founder Justin Sun, who recently requested federal court sanctions regarding approximately 4 billion frozen WLFI tokens.