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Home»Altcoins»WLFI burns $6.68M in tokens – is a bigger squeeze coming?
Altcoins

WLFI burns $6.68M in tokens – is a bigger squeeze coming?

NBTCBy NBTC21/05/2026No Comments3 Mins Read
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$WLFI team wallets burned 100M tokens worth $6.68M as part of a Lockbox unlock, a cosmetic squeeze against a looming 62B‑token overhang and choppy price outlook.

Team-linked wallets for World Liberty Financial ($WLFI), the DeFi project associated with the Trump family, have burned 100 million $WLFI tokens over the past 19 hours, worth roughly $6.68 million, according to on-chain monitoring flagged by analyst Yu Jin on X. Yu Jin reported that “$WLFI team-related addresses (founders/team members/advisors/partners) have burned 100M $WLFI in the past 19 hours, worth $6.68M,” noting that four such addresses first sent 1 billion $WLFI into the project’s unlocking ownership contract and then burned the corresponding 10% tranche.

$WLFI team burns 100M tokens as unlock process advances

The burn is mechanically tied to $WLFI’s Lockbox-based unlock process, which requires team and insider wallets to transfer tokens into the unlocking contract and destroy 10% of the amount to align incentives with the broader community. Earlier governance proposals outlined a plan to unlock 62.28 billion $WLFI—about 62% of total supply—over time, with a 4.5 billion insider burn and multi-year vesting to offset some of the looming supply expansion.

According to CoinMarketCap, $WLFI is currently trading at approximately $0.06695, with a 24-hour volume of about $73.2 million and a circulating supply near 24.6 billion tokens. On that basis, the 100 million $WLFI burn removes roughly $6.7 million in nominal value and about 0.4% of the circulating float, a non-trivial but not transformative reduction given the scale of planned unlocks.

Recent data from CoinCodex show $WLFI’s current price around $0.06685, with very high volatility (10.78%), neutral sentiment and a forecast dip toward $0.05013 over the short term. Another model from Hexn pegs the spot price near $0.0657 and projects a modest move toward $0.0669 in the coming days, reflecting a market that is jittery but not yet capitulating.

$WLFI price outlook after the burn

In the near term, the latest 100 million $WLFI burn is likely to serve more as a sentiment signal than a hard supply shock, especially for a token with tens of billions of units still to unlock. With $WLFI trading around $0.067 and technical indicators flashing neutral to slightly bearish, a reasonable base case is a choppy range between $0.055 and $0.075 over the next 30 days, as traders balance insider burns against the risk of future unlock waves.

If $WLFI governance continues to pair each major unlock step with visible burns from team wallets, and if broader market conditions for politically branded memecoins and DeFi tokens remain constructive, an upside scenario would see $WLFI revisit the $0.09–$0.10 area by late Q3 2026, implying roughly 35–50% appreciation from current levels. Conversely, any sign that insiders are accelerating unlocks without corresponding burns, or routing large tranches to centralized exchanges as seen in earlier $1.31 million flows to OKX, could drag the price back toward $0.04–$0.05, especially given $WLFI’s high realized volatility and still-heavy token overhang.

On balance, based on current price data and on-chain behavior, a specific year-end 2026 target in the $0.06–$0.08 band appears most plausible, with a slight tilt toward the lower half of that range if additional supply hits the market faster than new demand arrives.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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