Trump’s Crypto Circus: $8M Buyback Amid Market Clown Show 🎪💸

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In a world where money dances like a drunken bear, World Liberty Financial has thrown another log into the fire, burning nearly $8 million on WLFI token buybacks. Ah, the sweet scent of desperation. 🤑

 

World Liberty Financial, the financial equivalent of a man clinging to a sinking ship with a golden spoon, has once again dipped into its coffers to buy back WLFI tokens. 🛳️💰

Despite the token’s price plummeting faster than a Chekhovian protagonist’s hopes, the project persists in its buybacks and burns, a futile gesture akin to bailing out the ocean with a teacup. 🌊☕

Blockchain data, that silent observer of human folly, reveals WLFI repurchased tokens worth several million dollars. Ah, the theater of finance! 🎭

WLFI Buybacks: A Band-Aid on a Bullet Wound

The latest buyback, a modest $7.7 million, saw the platform pay an average of $0.16 per token. Lookonchain, ever the chronicler of such absurdities, noted this was far grander than the previous $1.06 million buyback in September. A burn of $1.43 million worth of tokens accompanied that earlier effort-a sacrificial ritual to the gods of supply and demand. 🔥

WLFI() is buying back on-chain.

Over the past 5 hours, they have spent 7.79M $USD1 to buy 46.56M at $0.1674 avg.

– Lookonchain (@lookonchain)

 

A governance vote in early September, no doubt fueled by the panic of sinking fortunes, allowed the platform to use all liquidity fees for buybacks and burns. A direct method to prop up demand, you say? How quaint. 🧐

This recent buyback, a mere ripple in the storm, gives the project more room to reduce supply during periods of heavy selling. A noble effort, if not for its tragic futility. 🌪️

The Trump Family: Crypto’s Royal Comedians

Reuters, that bastion of sober reporting, revealed the Trump family earned a staggering $802 million from crypto in the first half of the year. WLFI tokens, the TRUMP memecoin, and yield from the USD1 stablecoin-a trifecta of financial theater. 🎭💼

The family’s WLFI stake soared in September, thanks to the unlock of 24.6 billion tokens. Estimates placed their holdings near $5 billion, a figure supported by frenzied trading before the October crash. Ah, the fleeting nature of wealth! ⏳

The October 10 market crash, a day of reckoning, wiped out $19 billion across the sector. Bloomberg reported the Trump family’s wealth shrank from $7.7 billion to $6.7 billion by November. A mere billion here or there-pocket change for the crypto elite. 🧣

WLFI, ever the loyal companion in this tragedy, remained far below its previous heights, even after the latest buybacks. A fallen star in a sky of fallen stars. 🌠

Related Reading: WLFI Freezes Affected Wallets After Pre-Launch Compromise

Governance Votes: The Last Gasp of a Dying Project?

The September governance vote, a desperate attempt to control the uncontrollable, changed how fees could be used. Now, all liquidity fees go to buybacks and burns-a last-ditch effort to manage supply. A strategy as old as time itself, yet somehow always surprising in its ineffectiveness. ⌛

Some users see this as a useful tool during price drops, while others yearn for the project to focus on building services that attract users. Alas, WLFI has been quiet on the product front, though its community channels remain alive with the chatter of the faithful. 🛠️

According to Arkham Intelligence, the WLFI address still holds over $7 million in tokens. A small fortune, perhaps, but in the grand scheme of crypto’s circus, just another act in the never-ending show. 🎪

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2025-11-26 19:16