World Liberty Finance (WLFI) has recently experienced a remarkable surge in its price and trading activity, capturing significant market attention. This dramatic upswing is not merely organic but appears to be directly linked to a high-profile political development, reigniting investor interest and signaling a potential shift in market sentiment for the altcoin.
The Trump Pardon's Impact on WLFI
The primary catalyst behind WLFI's renewed bullish momentum was President Donald Trump's pardon of Binance founder Changpeng Zhao (CZ). Following a period of relative quiet, the news of CZ's record being cleared, after serving a four-month sentence, sparked a wave of optimism among Binance investors. Notably, CZ had actively promoted WLFI during his campaign for a pardon, creating a direct association between his public standing and the token's appeal. This development immediately translated into a significant market response: WLFI successfully defended its $0.11 support level and soared to a local high of $0.15, settling at $0.142 with a 13.87% daily gain. Concurrently, its trading volume skyrocketed by 141% to $412 million, and its market capitalization grew by 13% to $3.7 billion, indicative of substantial capital inflow.
Whales Return: Signs of Strong Accumulation
Following the news, both retail investors and major whale holders made a decisive return to accumulate WLFI. Data revealed a positive delta of $2 million in buy volume over sell volume on October 23rd, with buyers scooping up an additional 49.17 million tokens the following day. This aggressive spot accumulation was further evidenced by a negative Spot Netflow of -$1.27 million, signifying higher outflows from exchanges—a classic indicator of tokens being moved to private wallets for holding rather than selling. Crucially, Nansen data showed a significant pivot in sentiment among WLFI's top holders, who increased their holdings by 12.9 million tokens after previously offloading a substantial amount. This shift from net selling to net buying by whales is often a precursor to further price appreciation. With momentum indicators like the Sequential Pattern Strength surging to 9.8 and the Stochastic RSI hitting 82, signaling strong buyer dominance and an overbought zone, WLFI demonstrates robust upward potential, eyeing targets of $0.18 and potentially $0.20, though investors should remain mindful of inherent volatility.
