World Liberty Financial buys 55.69 million of its own tokens in a market plunge…average price $0.18
Suehyeon Lee
Summary
- World Liberty Financial said it purchased 55.69 million of its own tokens during a market plunge.
- The average purchase price was $0.18, and it reported that a decline in current market prices has resulted in about $2.85 million in unrealized losses.
- The market says this purchase of its own tokens is likely aimed at defending the price.
World Liberty Finance (WLFI) has reportedly made a large-scale purchase of its own tokens amid the recent market downturn.
According to LookonChain on the 11th (local time), World Liberty Financial used a total of $10 million worth of USD1 stablecoin to buy approximately 55.69 million WLFI (approximately $7.15 million), with an average purchase price of around $0.18.
However, due to the current decline in the market price, the unrealized loss is estimated to be about $2.85 million. The market views World Liberty Financial's purchase of its own tokens as likely aimed at defending the price.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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