The Trump family-backed crypto undertaking, World Liberty Monetary, has continued its token buyback technique, aiming to create extra demand for the token, which has declined practically 50% since its launch.
The platform acquired $7.7 million value of World Liberty Monetary (WLFI) tokens on Wednesday at a median value of $0.16 per token, according to blockchain knowledge platform Lookonchain.
The practically $8 million purchase is considerably bigger than its $1.06 million WLFI token buyback on Sept. 27, which additionally noticed $1.43 million value of tokens burned, Cointelegraph reported on the time.
Earlier in September, the platform additionally handed a governance vote to make use of 100% of the undertaking’s treasury’s liquidity charges for token buybacks and burns, completely eradicating them from circulation. Comparable mechanisms goal to scale back the circulating provide of a token and improve demand via buybacks.
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The buybacks got here because the WLFI token noticed a 13% value improve over the previous week, however remained down by over 48% since its launch in January, in response to CoinMarketCap knowledge.
US President Donald Trump’s household’s stake reportedly soared to around $5 billion following the scheduled unlock of 24.6 billion tokens in the beginning of September.
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Trump household wealth hit by October crypto crash
Cryptocurrency ventures have confirmed profitable for the Trump household, producing about $802 million in cryptocurrency earnings in the course of the first half of 2025, according to estimates from the information outlet Reuters.
The investigation detailed that almost all of the $802 million stemmed from earnings by way of WLFI tokens, the Official Trump (TRUMP) memecoin and passive yield from the World Liberty Monetary USD (USD1) stablecoin.
Nevertheless, the Trump household’s crypto ventures took a major hit after the file $19 billion crypto market crash on Oct. 10.
Their fortune has fallen by over a billion {dollars} for the reason that crypto market crash, from roughly $7.7 billion in early September to $6.7 billion by the tip of November, Bloomberg reported on Sunday.
On the time of writing, the WLFI-tagged pockets handle nonetheless held $7.5 billion value of WLFI tokens as its largest holding, in response to blockchain knowledge platform Arkham.
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