Trump family's crypto ventures boost wealth amid market turbulence
World Liberty Financial has burned 47 million WLFI tokens in an effort to reduce supply and boost the declining token price, which has fallen over 31% since launch. The burn is part of a proposed buyback and burn program aimed at increasing scarcity and long-term ownership, amid ongoing market skepticism about crypto hype and institutional adoption. The launch has also caused Ethereum gas fees to spike, highlighting ongoing ecosystem challenges.