Onchain data reveals over 47 million WLFI tokens were destroyed this week, reducing the supply to nearly 100 billion. The project has proposed ongoing buybacks funded by protocol fees, aiming to discourage quick selling and reward long-term holders. However, despite these measures, the token price experienced a sharp decline after launch. The price dropped from an initial $0.331 to approximately $0.23 – a 30% decrease. Early investors appear to be heavily dumping tokens, leading to the current slide. The community’s response is split: some believe burning the tokens safeguards their value while others argue it merely addresses a short-term issue. Industry experts also weighed in. RAAC’s Kevin Rusher pointed to the token’s launch being overshadowed by hype and its lack of serious institutional adoption, while Galxe’s Mangirdas Ptašinskas highlighted that the surge in Ethereum gas fees during the period was fueled by speculative buying, highlighting the ecosystem’s unpreparedness for mass usage. It remains uncertain if WLFI can regain stability or not, but this incident highlights the ongoing debate between speculative launches and long-term credibility in crypto markets.