Trump-backed Wlfi Ramps Up Buybacks As Token Lingers 50% Below...

The Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply.

The Trump family-backed crypto project, World Liberty Financial, continued its token buyback strategy, aiming to create more demand for the token, which has declined almost 50% since its launch.

The platform acquired $7.7 million worth of World Liberty Financial (WLFI) tokens on Wednesday at an average price of $0.16 per token, according to blockchain data platform Lookonchain.

The nearly $8 million buy is significantly larger than its $1.06 million WLFI token buyback on Sept. 27, which saw $1.43 million worth of tokens burned, Cointelegraph reported at the time.

Earlier in September, the platform also passed a governance vote to use 100% of the project’s treasury’s liquidity fees for token buybacks and burns, permanently removing them from circulation. Similar mechanisms aim to reduce the circulating supply of a token and increase demand through buybacks.

Related: Trump Organization to tokenize Maldives resort development for early investors

The buybacks came as the WLFI token saw a 13% price increase over the past week, but remained down by over 48% since its launch in January, according to CoinMarketCap data.

US President Donald Trump’s family’s stake reportedly soared to around $5 billion following the scheduled unlock of 24.6 billion tokens at the beginning of September.

Related: WLFI’s ‘community governed’ image strained as Trump-backed project freezes wallets

Cryptocurrency ventures have proven lucrative for the Trump family, generating about $802 million in cryptocurrency income during the first half of 2025, according to estimates from the news outlet Reuters.

Source: CoinTelegraph