The World Liberty project has recently made a significant governance move in an effort to enhance long-term growth and increase the value of the WLFI token. The project has announced a new decision that aims to allocate 100% of Treasury fees towards buybacks and burns, with the goal of reducing the token’s circulating supply.
This move comes at a time when the WLFI token price has been struggling, currently trading at $0.19, which is a significant drop from its all-time high of $0.46. The token has seen a steady decline over the past week, with a 57% decrease in value. However, with the new governance decision in place, there is hope for a positive change in the token’s trajectory.
The proposal to allocate liquidity fees entirely to buybacks and burns has been met with full support from the WLFI community. The team has committed to transparently posting each buyback and token burn once they are executed. With a total supply of 24.6 billion tokens, this move is expected to create deflationary pressure over time, potentially leading to a long-term increase in value.
Despite the positive news, the WLFI price is still facing bearish pressure. Technical indicators show that the Relative Strength Index is at 40.23, indicating a bearish trend. The token is currently struggling to maintain support above $0.19, with the next support level at $0.18. Any upward movement will likely encounter resistance in the $0.21–$0.22 range.
While the decision to allocate Treasury fees towards buybacks and burns is seen as a bullish move, its impact on reversing the token’s decline remains to be seen. The project is hopeful that this strategic shift towards long-term value preservation will benefit token holders in the future. Only time will tell if this move will be successful in boosting the WLFI price and fostering sustainable growth for the World Liberty Financial token.