WLFI Team Repurchases and Burns 6.923 Million Tokens, Valued at $1.47 Million

BlockBeats News, September 27th, according to EmberCN monitoring, WLFI used 798,000 USDT to purchase 3,814,000 WLFI on-chain 5 hours ago at a price of $0.21. Later, they burned 6,923,000 WLFI (worth $1.47 million).

“Among the 6,923,000 WLFI burned, there are 3,814,000 WLFI that were just purchased, and 3,109,000 WLFI are protocol fee revenue.”

BlockBeats previously reported that on September 26th, WLFI officially announced that the community had voted to use 100% of the WLFI Treasury's liquidity fee for buyback and burn, with the proposal almost unanimously approved. The team will begin executing this plan this week, and all buyback and burn operations will be transparently publicized upon completion.