WLFI Price Surges 8% After Token Buybacks and Burns – Could $0.24 Be Next?

Sean Williams
World Liberty Financial (WLFI)

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  • WLFI defended $0.20 after initiating buybacks and burns.
  • Futures and Spot flows indicate growing investor confidence.
  • Whale accumulation supports potential rally to $0.24.

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    World Liberty Financial (WLFI) has shown renewed strength, holding firm at the $0.20 support level and briefly touching a local high of $0.215. At press time, WLFI traded at $0.208, marking an 8% daily gain, driven by a mix of strategic token burns, buybacks, and heightened market activity.

    Buybacks and Token Burns Ignite Momentum

    WLFI’s recent surge follows the launch of a large-scale buyback and burn program. After a 41% decline in September, holders overwhelmingly approved the allocation of 100% of treasury liquidity fees toward token repurchases and burns.

    The protocol burned 3.109 million WLFI across Ethereum and BNB Smart Chain, while spending $799,000 to repurchase 3.814 million tokens at an average of $0.2093 each. On-chain trackers recorded slightly higher activity, totaling $939,000 spent to acquire 4.486 million WLFI across multiple chains.

    These deflationary measures reduce the tokens available for sale, easing selling pressure and often triggering short-term price momentum.

    Spot and Futures Flows Reflect Investor Confidence

    Investor activity in both Spot and Futures markets further supported WLFI. CoinGlass data revealed Spot netflows of -$5.37 million, showing more WLFI left exchanges than entered, a sign of reduced selling pressure. Meanwhile, Futures markets saw a surge of $17.79 million in net inflows, up 126.9% on the day, reflecting traders’ growing interest in leveraged positions.

    Source: CoinGlass

    This combination of Spot outflows and Futures inflows suggests cautious optimism, with buyers absorbing supply while derivatives activity rises.

    Also Read: Trump Family’s World Liberty Financial Burns 47 Million Tokens as WLFI Price Plummets

    Whale Activity Strengthens Support

    Whales have been active since WLFI’s recent dip, accumulating 408.6 million tokens. Current net whale flows remain positive, with 4.31 million WLFI incoming versus 3.01 million outgoing. This accumulation by large holders reinforces market confidence after the September correction.

    WLFI has successfully defended the $0.20 support. If buybacks and burns continue alongside steady investor demand, WLFI could reclaim $0.218 and aim for $0.24 resistance. Conversely, waning momentum could trigger a retracement toward $0.18.

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    Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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