WLFI (World Liberty Financial) rose 0.31% in the last 24 hours.

Gate News Bot news, on September 28, according to CoinMarketCap data, WLFI (World Liberty Financial) is currently priced at $0.21, having risen 0.31% in the last 24 hours, with a high of $0.26 and a low of $0.18. The trading volume in the last 24 hours reached $267 million. The current market capitalization is approximately $5.14 billion, an increase of $15.9 million compared to yesterday.

World Liberty Financial is a platform aimed at connecting traditional finance and decentralized finance, providing services to institutions and individuals through specially designed on-chain products. WLFI is the governance token of the platform, allowing holders to guide the future direction of the platform through proposals, reviews, and votes.

WLFI recent important news:

1️⃣ Massive buyback and burn action implemented The WLFI team repurchased 3.814 million WLFI tokens for $798,000 within 5 hours on September 27, and subsequently destroyed 6.923 million WLFI, with a total value of approximately $1.47 million. The destroyed tokens include the recently repurchased 3.814 million WLFI, as well as 3.109 million WLFI from protocol fee income. This action reflects the project team's commitment to fulfilling their promises and is expected to enhance market confidence.

2️⃣ Buyback plan officially launched World Liberty Financial officially announced that it will begin implementing a plan to use liquidity fee income for buybacks starting this week. The plan aims to support the WLFI price by reducing market circulation. All buyback and destruction operations will be publicly and transparently announced, helping to enhance investor confidence in the project.

3️⃣ Compliance Process Draws Attention Paul Atkins, the chairman of the U.S. SEC, stated at a recent meeting that the SEC will investigate and enforce existing regulations regarding conflicts of interest in the cryptocurrency industry. Although he did not directly name World Liberty Financial, this statement may affect the compliance processes of projects like WLFI, and investors should closely monitor subsequent regulatory developments.

On the technical front, the WLFI price has recently fluctuated significantly, oscillating between $0.18 and $0.26. The implementation of the buyback and burn plan may provide some support for WLFI, but the uncertainty regarding regulatory attitudes may still lead to short-term volatility. Investors need to weigh the project's fundamentals against the external environment and make prudent decisions.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.