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breaking! trump’s fam burning $1.43M in chips after buyout?! 🔥💸📉 99% holders onboard for
wait is this real life?? trump burning tokens and holding billions sounds sketchy af 🧐 what’s next, melania launching $MELANI
classic move by WLFI to burn tokens post-redemption amidst a price drop, leveraging community support to alleviate selling pressure: potential daily burns could shape supply
World Liberty Financial (WLFI), a DeFi project associated with President Donald Trump, burned 7.89 million WLFI tokens valued at $1.43 million after a $1.06 million redemption. The move followed a 33% price drop in WLFI. The burning plan was supported by 99% of holders to reduce supply and selling pressure. An entity linked to Trump and family holds $5 billion in WLFI.🔥💸⬇️
The burning strategy aims to use costs from liquidity pools for token redemptions and subsequent burns, excluding community and third-party pools. Speculation suggests a potential burn of 4 million WLFI daily to reduce supply. Trump’s family holds a substantial amount of WLFI, with a planned unlocking of 24.6 billion tokens.🔥💸🔒
WLFI linked to Trump burns $ 1.43 million in chips after a recent buyout
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