According to @EmberCN, WLFI executed an on-chain purchase of 3.814 million WLFI for 798,000 USDT at an average price of 0.21 dollars per token, source: @EmberCN on X. WLFI then burned 6.923 million WLFI valued at about 1.47 million dollars, source: @EmberCN on X and Arkham Intel explorer address 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB. The burned amount included the freshly acquired 3.814 million WLFI and 3.109 million WLFI from protocol fee revenue, source: @EmberCN on X. Burn address provided: 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB, source: Arkham Intel explorer.

According to @MilkRoadDaily, protocols are turning on token buybacks with WLFI ($WLFI) cited as an example, and these reduce circulating supply and reward long-term holders only when backed by real cash flow, source: @MilkRoadDaily. The author adds that profitable protocols recycle fee revenue into ongoing buy pressure and gradual supply contraction, while unprofitable ones simply drain their treasuries, source: @MilkRoadDaily. For traders, the author flags fee-funded, sustainable buybacks as signals of product-market fit and real revenue, whereas treasury-funded buybacks are a clear red flag, source: @MilkRoadDaily.

According to @MilkRoadDaily, token buybacks are picking up across crypto and shrink circulating supply, which benefits long-term holders. According to @MilkRoadDaily, buybacks only add lasting value when funded by real protocol cash flow that converts fees into steady buy pressure and reduces supply over time. According to @MilkRoadDaily, traders should focus on protocols where repurchases are backed by fee revenue and profitability, as unfunded buybacks lack durable impact on price action.