World Liberty Financial (WLFI) has burned 100 million tokens worth about $6.68 million as part of a 10% burn from founders and team allocations following the start of its token unlock schedule. The unlock schedule, which was controversial and voted on recently, restricts early investors and insiders with staggered release periods extending to 2031. Insiders face a 10% immediate burn on their holdings, while early investors have a longer cliff and release period but no burns. Despite the token burn, WLFI's price showed little reaction and has retraced some gains made earlier in May. The ongoing unlocks may influence selling pressure in the coming weeks.
World Liberty Financial (WLFI) team wallets burned 100 million tokens valued at $6.68 million as part of a Lockbox unlock process that destroys 10% of tokens transferred into an unlocking contract. This burn slightly reduces circulating supply but is...
World Liberty Financial (WLFI) moved $55.57 million worth of tokens into an unlocking contract tied to a proposal to release 62.28 billion tokens, about 62% of its total supply. Early voting by large holders favored unlocking and burning some insider...
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