Trump Family-backed World Liberty Financial (WLFI) seems to be defying the market trend in the daily charts. According to CoinGecko data, WLFI’s price has rallied 3.7% in the last 24 hours. However, despite the rally in the daily charts, the asset is red in the other time frames. WLFI’s price has fallen 20.7% in the last week, 21.1% in the 14-day charts, and 17.2% over the previous month. Let’s discuss why WLFI is rallying and if the asset will continue its upswing or face a correction.
Why Is Trump-Backed World Liberty Financial Rallying?
According to a Wall Street Journal report, a UAE-based firm tied to the royal family purchased 49% of the Trump family’s cryptocurrency company. WLFI’s latest rally is most likely fueled by the purchase. However, the big buy has received substantial scrutiny from market participants and policymakers. According to reports, the 49% acquisition of World Liberty Financial took place four days before President Trump’s inauguration, and months before the UAE would get access to advanced AI chips. The timing of the deal has led to substantial questions about the President’s ethics.
Senator Elizabeth Warren called the development as “corruption, plain and simple.” Senator Warren had previously asked for an investigation into the Trump family’s crypto dealings. The spotlight on WLFI could lead to the asset facing a correction.
Also Read: Cryptocurrency Market Crash: Here’s Why You Should Not Worry
CoinCodex analysts also paint a bearish picture for World Liberty Financial (WLFI). The platform anticipates the asset to face a correction over the coming week, falling to $0.09228 on Feb. 11, 2026. Dipping to $0.09228 from current price levels will entail a correction of about 27.8%.
Furthermore, the crypto market is in bear territory at the moment. Bitcoin (BTC) briefly fell to below $75,000 earlier today, Feb. 2, 2026, and some anticipate the original crypto to dip to the mid-$60,000 level. WLFI will most likely follow BTC’s trajectory.