WLFI falls 16% in 2 days – Will World Liberty Financial’s buyback announcement fix prices?

World Liberty Financial [WLFI] announced the launch of a buyback program for its own governance and utility token, WLFI. The buyback was driven by the success of the USD1 stablecoin and the ecosystem's growth. The buybacks will be funded by an initial pool of funds that could also include fees earned from USD1 reserves. According to the platform, the buyback aimed to encourage active participation in WLFI governance and consolidate voting power among its most committed long-term holders. U.S. election results and PSI letter spark WLFI selloff The Democrats won both the Senate and the House in the midterm elections, taking control of Congress. The WLFI token fell 16.67% from $0.0522 on the 3rd of November to an all-time low of $0.0435 on the 5th of November.

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