Trump-Backed WLFI Sets Aggressive Buyback Plan After Price Slide

Donald Trump–backed crypto venture World Liberty Financial (WLFI) is doubling down on a token supply squeeze after a rocky market debut. On Thursday, the project’s community approved a governance proposal to use all of its treasury’s liquidity fees for WLFI token buybacks and permanent burns, aiming to restore investor confidence and boost long-term value.

The measure passed with a striking 99.8% approval, leaving just 0.06% of voters opposed. According to the governance filing, the initiative is designed to “remove tokens from circulation held by participants not committed to WLFI’s growth,” effectively strengthening the stake of loyal investors.

Under the plan, WLFI will pull liquidity from its positions on Ethereum, BNB Chain, and Solana, using those assets to repurchase tokens on the open market before sending them to a burn address for permanent removal. While the project has yet to disclose how much revenue these fees will generate, the buyback program is expected to become the “foundation” of its tokenomics strategy.

The vote comes less than three weeks after WLFI’s September 1 launch, which saw its price tumble 40% within three days despite an early burn of 47 million tokens. High-profile investors weren’t spared: former kickboxing champion and influencer Andrew Tate reportedly took a $67,000 loss on his WLFI position, bringing his total trading losses near $700,000.

Still, the Trump family has benefited handsomely from its crypto ventures. Their combined wealth reportedly swelled by $1.3 billion in the week ending September 7, boosted by WLFI activity and the market debut of mining company American Bitcoin (ABTC).

Looking ahead, World Liberty Financial says it will seek additional revenue streams to fuel more aggressive buybacks and burns—a signal that the Trump-aligned project isn’t backing down despite a turbulent start.