Key insights:
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WLFI surged 15% to $0.14 after Trump pardoned former Binance CEO Changpeng Zhao.
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The token broke out of a tight consolidation range between $0.125 and $0.13.
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The pardon sparked political backlash from U.S. lawmakers, including Senator Warren.
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Analysts see potential for WLFI to target $0.17 if it holds above $0.135 support.
World Liberty Financial (WLFI) has seen a sharp price surge of 15% in just 24 hours, breaking out of its recent consolidation phase. The token’s price rose to $0.14 after weeks of trading within the tight range of $0.13–$0.125. This notable price movement follows the news of former Binance CEO Changpeng Zhao’s pardon by U.S. President Donald Trump.
The rally in WLFI price is linked to Trump’s recent decision to pardon Zhao, who had faced legal challenges in the U.S. Trump’s action came after supporters of Zhao, known as CZ, claimed the legal proceedings against him were unjust. Following the pardon, CZ publicly thanked the president, stating his intent to help “make America the Capital of Crypto.” This political move quickly caught the attention of the broader crypto market, contributing to the surge in WLFI.
Political Backlash Over the Pardon
However, Trump’s decision has sparked significant criticism. Notably, Senator Elizabeth Warren accused the pardon of being an example of political corruption, pointing to alleged financial ties between Trump and Zhao. Warren’s comments focused on the belief that Zhao’s involvement in the stablecoin market had influenced the decision, thus raising concerns about the fairness of such moves.
CZ has strongly defended the pardon, arguing that his legal issues stemmed from failures to implement anti-money laundering measures, not direct criminal activity. In his response, he also criticized Warren’s stance, which he described as biased and inconsistent with her stance on crypto regulation.
WLFI’s Momentum and Future Outlook
The sudden boost in WLFI’s value has sparked renewed optimism in the token’s potential. If the price manages to hold above the $0.135 support level, analysts suggest that WLFI could rise toward the $0.17 mark. However, a failure to maintain this support may lead to a retest of the $0.130–$0.125 range. The increased buying pressure, fueled by the political developments surrounding CZ, could be a sign of further recovery for WLFI if the momentum continues.
Source: TradingView
WLFI had struggled in recent months, with its price declining from $0.25. But buyers have started to step in at the $0.12 level, helping the token climb back to $0.14. If this upward trend continues, WLFI could see a more sustained recovery, potentially regaining some of its lost value from earlier in the year.
