Trump-Backed WLFI Up 21% Amid Controversy: What’s Going On?
Trump family-backed World Liberty Financial (WLFI) is experiencing a steep price rally. According to CoinGecko data, WLFI’s price has rallied 10% in the last 24 hours and 21.8% over the last week. The rally comes amid the project being engulfed in controversy over the last few weeks. Let’s discuss what’s going on.
Trump Family’s WLFI Rallies Amid Controversy
World Liberty Financial’s (WLFI) troubles began with TRON (TRX) founder filing a lawsuit against the company on April 21, 2026. Sun alleged that World Liberty Financial froze his WLFI tokens and barred him from governance rights. The TRX founder also said that the company threatened to burn all his tokens, according to Sun are worth around $1 billion.
World Liberty Financial dismissed Sun’s claims, with CEO Zach Witkoff calling the lawsuit “meritless.” Additionally, World Liberty Financial countersued Sun for defamation. According to Witkoff, “Justin Sun engaged in a defamatory campaign to torch World Liberty Financial’s reputation. He knew his claims were false and made them anyway to harm WLFI token holders.“
If that ongoing dispute was not enough, rumors began to sprout that World Liberty Financial was facing internal struggles. Online rumors claimed that the company was collapsing and had lost the Trump family’s support. However, Witkoff and Donald Trump Jr. have denied these claims while speaking at Consensus in Miami on Thursday. Trump Jr. stated that “Narratives get created. They’re driven, and they’re bot-farm based.“
World Liberty Financial’s (WLFI) latest price rally could be due to the statements made at Consensus Miami. The clarification may have elevated investor confidence, leading to a price surge.
Also Read: Bitcoin’s Reserve And Clarity Act For The US: White House Advisor
Despite the rebound, World Liberty Financial (WLFI) continues to glow red in the 14-day and monthly charts, dipping 3.7% and 25.2%, respectively. Moreover, the larger crypto market is showing signs of another correction, with Bitcoin (BTC) falling below the $80,000 mark once again.
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