The World Liberty project has taken a new governance move aimed at boosting the long-term growth and WLFI price.
Summary
- WLFI token price is struggling to hold above the $0.19 support zone.
- A new governance vote has been passed to allocate 100% of Treasury fees to buybacks and burns.
- RSI at 40.23 signals weak momentum, but supply reduction could fuel a long-term rally.
- The token faces strong selling pressure near the $0.21–$0.22 zone but has support at $0.18.
World Liberty Financial token price has been on a steady decline over the past week, dropping 57% below its all-time high of $0.46. The Trump-backed token trades at $0.19 at press time, posting roughly 4% in losses for the day and approximately 14% on the week.
However, a new governance decision could potentially change the tide for the token. In a Sept. 25 update, the project announced that the WLFI (WLFI) community passed a proposal to allocate 100% of Treasury Liquidity Fees toward Buybacks and Burns, aiming to reduce the token’s circulating supply. The proposal passed with full support and is expected to be implemented this week.
The team added that it has also committed to posting each buyback and token burn once executed. Given WLFI’s supply of 24.6 billion tokens, the move could take time to create huge deflationary pressure.
Allocating liquidity fees entirely to buybacks signals a strategic shift toward long-term value preservation, a move often welcomed by token holders.
WLFI price drops below $0.20
Despite the news, WLFI price remains under bearish pressure. The token has been in a downtrend after experiencing resistance around the $0.25 level earlier in the week.
Technical indicators support the weakness, with the Relative Strength Index standing at 40.23, signalling bearish pressure. Presently, the token is struggling to hold above the $0.19 support zone. If this level fails to hold, the next support is around $0.18, while any upward move will face strong selling pressure near the $0.21–$0.22 zone.
The decision to allocate 100% of treasury liquidity fees to buybacks and burns is bullish in theory. However, whether it can reverse the WLFI price decline or merely slow it remains to be seen.
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