WLFI Surges 13%: Binance Founder Pardon Sparks Rally Toward $0.20

World Liberty Financial

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  • WLFI jumped 13%, trading near $0.142 with volume surging 141%.
  • Trump’s pardon of Binance founder Changpeng Zhao reignited investor confidence.
  • Whale accumulation and strong technical momentum suggest potential upside toward $0.20.

World Liberty Finance (WLFI) is capturing market attention after a sharp 13% daily jump. The token rebounded strongly from the $0.11 support level, reaching a local high of $0.15 before stabilizing near $0.142. Trading volume surged 141% to $412 million, signaling growing interest. Investors are now eyeing the next major resistance at $0.20, wondering if WLFI can sustain its upward momentum.

Political Twist Spurs Market Optimism

The sudden rally coincides with former President Donald Trump’s pardon of Binance founder Changpeng Zhao. Zhao, who served four months in prison for violating the Bank Secrecy Act, now has a clean record following Binance’s $4 billion fine. This political development reignited confidence among Binance supporters and WLFI investors alike.

Zhao had previously expressed support for WLFI, and his pardon triggered a wave of buying. On October 23, WLFI recorded $283.81 million in buy volume versus $281 million in sell volume, producing a positive delta of 2 million tokens. The next day, buyers acquired over 49 million tokens, reinforcing bullish momentum. Exchange data from CoinGlass showed spot netflow dropping to -$1.27 million, suggesting more tokens were leaving exchanges—a typical bullish sign.

Whale Activity Signals Confidence

Large WLFI holders are increasingly stepping in. Nansen data revealed top investors boosted their positions by 12.9 million tokens after weeks of selling. This shift from distribution to accumulation highlights growing confidence in WLFI’s short-term potential and aligns with the broader market optimism sparked by Zhao’s pardon.

Technical Indicators Hint at Further Upside

Technical momentum also supports a bullish outlook. WLFI’s Sequential Pattern Strength sits at 9.8, while the Stochastic RSI climbed to 82, indicating strong buying pressure despite potential short-term volatility. Analysts suggest that if demand holds, WLFI could challenge $0.18 next. A successful break above that level could open the path to $0.20, completing a strong recovery from recent lows.

Also Read: Trump Family’s World Liberty Financial Burns 47 Million Tokens as WLFI Price Plummets

However, traders should monitor the $0.11 support level closely, as rapid rallies often trigger profit-taking and minor pullbacks. Maintaining this support could invite another surge of buyers.

WLFI’s rally is fueled by a rare combination of political catalysts, whale accumulation, and strong technical momentum. While short-term volatility remains a risk, the token’s trajectory points toward a potential test of $0.20 in the coming days.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.