World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump’s family, announced a buyback-and-burn plan to combat a significant price drop following its initial listing. The token saw a plunge of 23% after debuting on Binance, OKX, and KuCoin yesterday, with the token currently trading at $0.2472 – a decrease of about 20%. WLFI’s proposed buyback strategy aims to address investor concerns while aiming for long-term value creation. The project seeks to directly reduce the supply of tokens from liquidity providers on Ethereum, Binance Smart Chain, and Solana, using fees generated from trading activities to execute this plan. While community members are encouraged to vote on the proposal, some express lingering skepticism about the team’s credibility.