WLFI (World Liberty Financial) rose 5.30% in the last 24 hours.

Gate News Bot news, September 29, according to CoinMarketCap data, WLFI (World Liberty Financial) is currently priced at $0.22, having risen 5.30% in the last 24 hours, with a high of $0.22 and a low of $0.18. The current market capitalization is approximately $5.311 billion, an increase of $267 million from yesterday. Currently, WLFI ranks 28th in global Crypto Assets market capitalization.

World Liberty Financial is a platform dedicated to connecting traditional finance and the open economy through specially designed on-chain products. WLFI is the native token of the platform, and holders can participate in the future development of the platform through proposals, reviews, and voting. The project is developing multiple products, including the USD1 stablecoin, the WLFI application, and lending services.

WLFI recent important news:

1️⃣ Large-scale 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 burned 6.923 million WLFI, with a total value of approximately $1.47 million. The tokens burned included the recently repurchased 3.814 million WLFI, as well as 3.109 million WLFI from protocol fee revenue. This action reflects the project team's commitment to fulfilling their promises and is expected to boost market confidence.

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

3️⃣ Compliance process raises concerns Paul Atkins, the chairman of the SEC, recently stated that the SEC will investigate and enforce existing regulations regarding conflicts of interest in the crypto industry. Although World Liberty Financial was not directly named, this statement may impact the compliance process 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 cause short-term volatility. Investors need to weigh the project's fundamentals against the external environment and make cautious decisions.

This message is not intended as investment advice, and investors should be aware of market volatility risks.