World Liberty Finance Buy Backs Continue: WLFI Price Prediction as Devs Double-Down on Deflation

Core Insights - World Liberty Financial (WLFI) has initiated a buyback of its own tokens, spending approximately $10 million to acquire over 59 million WLFI tokens from the open market [1] - Despite the buyback activity, WLFI's price has only increased by 4% in the last 24 hours and remains about 50% below its all-time high reached in September [2][5] - The project has faced scrutiny due to a $2 billion investment agreement involving Binance and allegations of a quid pro quo related to a presidential pardon for former Binance CEO Changpeng Zhao [3][4] Company Actions - WLFI has authorized the use of its revenue to buy back and permanently burn WLFI tokens, following a proposal made in September [1] - The buyback transactions have been conducted through CoW Swap, a decentralized exchange, and have been executed as multiple smaller market buys rather than a single large order [5][6] - The average price paid for the tokens during the recent buyback was $0.1674 per token [6] Market Context - WLFI operates as a decentralized finance protocol with plans to offer digital lending, borrowing, and exchange services centered around its USD1 stablecoin [2] - The recent buyback has not significantly shifted market sentiment, as indicated by the limited price movement despite the accumulation of tokens [2][6] - The scrutiny surrounding WLFI and its connections to Binance may impact investor confidence and market perception [3][4]