ambcrypto.com
The Trump family-backed DeFi project, World Liberty Financial [$WLFI], has reportedly burned 100 million tokens.
According to on-chain data, four wallets linked to the project’s team transferred 1 billion tokens to a vesting contract as the unlock schedule went live.
On Monday, the 11th of May, these wallets sent out 100 million tokens in six batches, worth about $6.68 million. This was part of the 10% of supply set to be burned from founders and team allocation, according to a recent governance guideline.
Token unlock schedule begins
Initially, the team, founders, and early investors in the project didn’t have a clear vesting schedule for their investment. After a long-running blame game and scrutiny from the community, the project finally released a controversial vesting schedule for a vote last month.
At the TGE (token generation event) in September 2025, the team and early investors were only allowed to sell 20% of their entire $WLFI stake.
The rest of the 80% remained uncertain until the unlock schedule vote was released in April.
Per the unlock schedule, early investors or presale buyers (with over 17 billion $WLFI) will face a 2-year cliff followed by a 2-year linear release. In other words, they will only be able to fully divest by 2030. However, their stash won’t be subject to token burns.
In contrast, insiders, including founders, partners, and the team, will face an immediate 10% token burn on their 45.2 billion $WLFI holdings. That’s about 4.5 billion set to be burned.
Compared to the recently burnt 100 million tokens, there is still a long way to go. Besides, the insiders will wait until 2031 to fully sell their holdings per the unlock schedule. Overall, the unlocks will begin after May 2028 and run up to 2031.
$WLFI price muted despite 100 mln token burn
On the price charts, $WLFI didn’t react much to the update. In fact, in the past few days, the token has erased part of its gains. In May, $WLFI rallied 47%, thanks to Bitcoin’s surge above $80K and an aggressive $WLFI rewards campaign for USD1 users on Binance.
However, as of writing, the May gains have shrunk to about 30%. It remains to be seen if the daily unlocks will add selling pressure in the next few weeks.
Final Summary
- $WLFI burned 100 million tokens as its much-awaited and controversial unlock schedule went live.
- While the move aims to reduce insider allocations and overall supply, the $WLFI price remained muted.