WLFI Price Outlook Turns Bullish Ahead of Mar-a-Lago Conference
- World Liberty Financial (WLFI) has surged 27% in the past day as anticipation built up ahead of the World Liberty Forum today at Mar-a-Lago.
- The invite-only forum will include over 300 of the leading voices in crypto, finance and technology, from Nasdaq and NYSE heads to Goldman Sachs and Franklin Templeton.
World Liberty Financial (WLFI), the crypto project linked to President Donald Trump and his family, recorded over 25% in gains over the past day to hit a two-week high.
The price rally was sparked by anticipation over an event happening today at Mar-a-Lago, the president’s Florida-based private club. Known as the World Liberty Forum, the event is to be attended by a curated guest list that spans tech, crypto and finance, with some of the most respected voices on Wall Street and Silicon Valley reported to be on the list.
WLFI trades at $0.1282 at press time, gaining 27.7% in the past day as trading volume surged 240% to hit $387 million. The rise has taken the market cap to $3.43 billion, enabling it to flip established crypto projects like Uniswap, Cronos, Polkadot and Aave.
Despite the sharp rise in the past day, WLFI trades 28.4% below its monthly high of $0.1794, which it hit towards the end of January. Like every other crypto, WLFI was hard hit by the February dip that wiped out over $900 billion from the market in less than 10 days.
Beyond the speculation, WLFI has continued to partner with other networks to expand its reach. A month ago, it joined hands with Spacecoin to expand DeFi connectivity in areas not covered by the internet, as we reported. Days later, Binance announced a $40 million airdrop for holders of USD1, the project’s stablecoin.
Trump’s Crypto Wealth Surges Amid WLFI Gains
The Florida meeting is being headlined by Goldman Sachs CEO David Solomon, Franklin Templeton CEO Jenny Johnson, New York Stock Exchange president Lynn Martin and her Nasdaq counterpart Adena Friedman.
And while the president isn’t expected to attend, the US government is well represented. CFTC Chairman Michael Sellig, US Undersecretary of State for Economic Affairs Jacob Helberg and Kelly Loeffler, who heads the US Small Business Administration will be in attendance.
From the crypto side, Coinbase and BitGo CEOS will lead hundreds of other industry voices. A week ago, WLFI announced that it had reached capacity, revealing that it was expecting nearly 400 guests.
It’s not yet clear what the event will specifically focus on, but Donald Trump Jr. has claimed that the attendees will chart “what the next century of American innovation, leadership, and economic influence will look like.”
Many leaders and legal experts have criticized the event.
“Any reasonable person would have serious questions about the propriety of this event,” commented Chris Swartz, a former attorney at the U.S. Office of Government Ethics under the first Trump administration.
The event comes amid rising questions over the conflict of interest that the Trump family is in due to its crypto ventures. Trump and his sons have brushed off the claims, maintaining that the president is not involved on the crypto side.
However, many are still not buying it.
“The presidency has inescapable conflicts. It’s up to the voters to decide who they believe will or will not ethically handle those,” commented Andy Grewal, a law professor at the University of Iowa.
]]>You May Also Like
Structural job strain caps rand gains – Commerzbank
Trump gushes over Nicki Minaj's skin to mark Black History Month: 'So beautiful'
