The WLFI token, backed by the Trump family, recently burned 47 million tokens worth $11.34 million. This event occurred following the token's successful launch on leading decentralized and centralized exchanges.
Burning of WLFI Tokens
The WLFI project burned 47 million tokens on the Ethereum blockchain by sending them to the NULL address. This address, also known as a 'blackhole', is used for burning tokens; once sent, the tokens are removed from circulation and cannot be recovered.
Historic Launch of WLFI Token
The launch of WLFI trading was anticipated by the crypto community, with the token currently trading near $0.2293 and a 24-hour trading volume of $1.61 billion. Reports from WLFI's X account indicate that early retail investors at $0.015 and $0.05 were prioritized over founders and the team. It was noted that no tokens were sold by the team or co-founders, and founder unlocks will occur only via governance, highlighting the project's transparency.
Market Support and Expectations
Justin Sun, founder of the Tron blockchain, also showed his support for the WLFI project by stating on X that he truly believes this will be one of the biggest and most important projects in crypto.
The WLFI project is making confident strides in the cryptocurrency market with a historic token launch and the burning of a significant volume of tokens. Community expectations remain high, and support from prominent figures in the industry underscores the project's potential.
