According to the statement, the project extracted these tokens directly from its unlocked Treasury reserves and sent them to burn addresses, effectively removing them from the total supply forever.
WLFI explained that this action aims to concentrate tokens among committed long-term holders while reducing overall market circulation.
“We’re building for decades, not days,” WLFI stated in its official announcement, acknowledging that short-term price performance has disappointed some investors.
However, the platform emphasized that early supporters who purchased tokens at $0.015 to $0.05 have already witnessed market recognition of the governance token’s value proposition.
Alongside the token burn, WLFI has implemented comprehensive security measures by blacklisting multiple wallet addresses suspected of private key compromises.
The mass blacklisting prevented attempted thefts from the project’s Lockbox system, and on-chain records confirmed that compromised addresses were blocked.
WLFI is now assisting affected legitimate holders who need help regaining access to their tokens.
He noted that WLFI traded between $0.20 and $0.28 within 24 hours of public launch, representing nearly 20x gains for early investors who purchased at $0.015.
Despite this enthusiasm, WLFI’s market value has declined approximately 50% since Monday’s trading debut. The token is currently trading around $0.22 on major exchanges.
However, the project has defended this performance by saying its price performance is “uncommon.”
According to the team:
“WLFI was initially listed at $0.20. After absorbing early sellers and ~$6B in perp volume on Binance alone, WLFI still trades above list—very uncommon for day-1 launches.”
