Trump-Backed WLFI Rises 16% In 1 Day: Mar-a-Lago Event Hype?
Trump Family-backed World Liberty Financial (WLFI) has seen a price rally of more than 16% in one day, according to CoinGecko statistics. According to the platfrom, WLFI is up 16.3% in the last 24 hours and nearly 12% over the last week. Despite the steep rally, the asset is still down by 14% in the 14-day charts and almost 28% over the previous month. Let’s discuss why WLFI is defying the market trend, and if the rally can sustain itself in the bear market.
Can Trump-Backed WLFI Continue Its Price Rally In A Bear Market?
WLFI’s latest upswing could be due to an exclusive, invite-only event happening at Mar-a-Lago, a lavish property owned by President Trump since 1985. The vent is scheduled to take place later today, Feb. 18, 2026. Some reports say that around 400 people will be attending the event. Some of the high-profile individuals include Coinbase CEO Brian Armstrong, NYSE President Lynn Martin, Nasdaq CEO Adena Friedman, and Goldman Sachs CEO David Solomon.
Despite its trend-defying performance, World Liberty Financial has found itself in quite a bit of controversy. Firstly, many have called into question President Trump’s crypto dealings. While the World Liberty Financial is closely linked to the Trump family, the pResident Denies being involved with its workings. Moreover, recent reports revealed that a royal UAE investor purchased 49% of World Liberty Financial, which led to substantial buzz.
Also Read: Trump’s Truth Social Funds Files Bitcoin, Ethereum ETF with SEC
Although the Trump-family backed WLFI token has displayed incredible resilience, it is unclear if the asset can weather the bear market storm. Bitcoin (BTC) is struggling to gain momentum and other assets are following BTC’s trajectory. Given the bearish market environment, there is a high chance that WLFI will face a correction over the coming days.
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