World Liberty Financial team burns $6.7M in WLFI tokens

An address believed to belong to the team behind World Liberty Financial (WLFI), a DeFi project linked to the Trump family, has burned 100 million WLFI tokens worth $6.67 million over the past 19 hours, EmberCN reported. Four team-related addresses transferred one billion WLFI to an unlocked vesting contract before burning 10% of the total. The move is likely part of a token unlock plan revealed last month, EmberCN noted. World Liberty Financial previously announced it would delay the unlock schedule for tokens allocated to early contributors, founders, team members, advisors, and partners, while also planning to permanently burn 10% of that supply.