Eric Trump praises WLFI’s succesful token launch as project burns 47 million tokens
(*47*)In a Sept. 2 post on X, the project defined that the burn represents the primary main step in implementing its proposed buyback-and-burn governance technique, which is designed to strengthen token economics.
(*47*)According to the assertion, the project extracted these tokens immediately from its unlocked Treasury reserves and despatched them to burn addresses, successfully eradicating them from the full provide endlessly.
(*47*)WLFI defined that this motion goals to pay attention tokens amongst dedicated long-term holders whereas lowering general market circulation.
(*47*)“We’re constructing for many years, not days,” WLFI said in its official announcement, acknowledging that short-term value efficiency has disillusioned some traders.
(*47*)However, the platform emphasised that early supporters who bought tokens at $0.015 to $0.05 have already witnessed market recognition of the governance token’s worth proposition.
Security measures towards phishing assaults
(*47*)Alongside the token burn, WLFI has carried out complete safety measures by blacklisting a number of pockets addresses suspected of personal key compromises.
(*47*)This motion responds to cybersecurity specialists’ warnings about hackers exploiting Ethereum’s EIP-7702 normal to target WLFI token claimers.
(*47*)The mass blacklisting prevented tried thefts from the project’s Lockbox system, and on-chain information confirmed that compromised addresses had been blocked.
(*47*)WLFI is now aiding affected official holders who need assistance regaining entry to their tokens.
WLFI praises token launch
(*47*)WLFI and its executives have hailed the token launch as one of the vital profitable within the crypto trade.
(*47*)In an X post, Eric Trump, son of the US President, declared the token launch successful by highlighting the dramatic value appreciation from preliminary providing ranges.
(*47*)He famous that WLFI traded between $0.20 and $0.28 inside 24 hours of public launch, representing almost 20x beneficial properties for early traders who bought at $0.015.
(*47*)Despite this enthusiasm, WLFI’s market worth has declined roughly 50% since Monday’s buying and selling debut. The token is presently buying and selling round $0.22 on main exchanges.
(*47*)However, the project has defended this efficiency by saying its value efficiency is “unusual.”
(*47*)According to the crew:
(*47*)“WLFI was initially listed at $0.20. After absorbing early sellers and ~$6B in perp quantity on Binance alone, WLFI nonetheless trades above listing—very unusual for day-1 launches.”
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