WTH Wipes 1.57% of Supply Off the Map With 7 ETH Buyback and Burn

: A memecoin tracker flagged fresh burn activity for WTH on Thursday, saying the project has now pulled 1.57% of its total supply out of circulation through buybacks and burns. That stack of destroyed tokens is worth about $88,000 at the current market cap, according to a post from @winiam4444 on X. The latest round of buying came from 7 ETH worth of purchases.

The Robinhood-linked wallet address 0xb8fa8010833463aac5595b55b9045479239eff79 was tagged in the same post, alongside a $5.9M figure that appeared next to the token's identifier. The post is part of a 75-part thread, slotting in at number 4.

Burns are the crypto world's version of a share buyback — tokens get sent to a dead wallet so they can never be sold again. Fewer tokens floating around means each remaining one represents a bigger slice of the pie, assuming demand holds. It's a common playbook for meme coins trying to convince holders that supply won't keep diluting them.

The numbers here are modest in dollar terms but meaningful in percentage terms. Wiping out 1.57% of supply is a real dent, and the project is framing it as an ongoing campaign rather than a one-off stunt. Whether that momentum continues through the remaining thread updates is the thing to watch.

Caveat time: the details come from a single X post and haven't been independently verified. Buyback-and-burn announcements are easy to make and harder to audit, so anyone tracking WTH should check the on-chain wallet directly before treating the numbers as gospel.