Trump Pardon of Binance CEO Sparks WLFI Token 14% Surge Amid Market Volatility

WLFI, the native token of World Liberty Financial, surged over 14% following President Trump's full and unconditional pardon of Changpeng Zhao (CZ), the former CEO of Binance, who had served prison time related to Bank Secrecy Act violations. The pardon reduced perceived regulatory risks, sparking a significant increase in WLFI's trading volume and market capitalization, and was interpreted by markets as a positive signal for the crypto industry, potentially paving the way for CZ's return and Binance's expansion in the U.S. This development is closely tied to WLFI's association with Trump-linked blockchain projects, drawing both investor enthusiasm and political criticism, notably from Senator Elizabeth Warren, who condemned the pardon as an example of political corruption. Alongside WLFI, tokens like Morpho and SPX6900 saw gains driven by active market participation rather than broad market-wide rallies, with the altcoin market remaining cautious and selective amid thin breadth. Analysts caution that despite the token's rapid rise fueled by political and legal news, such rallies may be short-lived without sustained trading participation and broader market confidence. Overall, the market response highlights the significant impact of political decisions on specific crypto assets and the tentative nature of the current altcoin environment.