The WLFI token, the native cryptocurrency of the Trump-backed World Liberty Financial venture, defied broader market sentiment with a strong 10% surge on Sunday. The token briefly touched a $6 billion market cap before settling around $0.24.
This rally was fueled by two powerful catalysts: a major tokenomics upgrade and a surge in political media coverage.
Community Overwhelmingly Approves WLFI Token Burn
The primary driver behind the pump was a landmark community vote held on September 19. A staggering 99.8% of voters supported a proposal to implement a continuous buyback-and-burn mechanism.
Initially, the market reaction was muted due to turbulence following the Federal Reserve’s rate cut. However, as macro headwinds cooled over the weekend, discussions around the token burn took center stage.
This mechanism is designed to create a powerful feedback loop. As trading activity generates revenue, a portion is used to buy back and permanently remove World Liberty Financial tokens from circulation. This directly increases the token’s scarcity, which can strengthen its long-term value and boost investor confidence.
Political Momentum Provides a Second Tailwind
Beyond internal tokenomics, World Liberty Financial Token also benefited from external political buzz. The token rose alongside heightened media coverage of former President Trump’s proposed HB-1 visa policy.
This immigration-linked proposal reignited political debates and significantly amplified Trump’s visibility in financial news cycles.
Data from social analytics platform LunarCrush shows that “Trump” was a top 10 most-mentioned keyword in the crypto space over the past 24 hours. “World Liberty Financial” token also appeared in the top 20, demonstrating a clear crossover momentum from political discourse into crypto markets.
This spillover effect wasn’t limited to crypto. Shares of Trump Media & Technology Group Corp. (DJT) also closed up 3% on Friday, with the firm’s valuation climbing to $4.8 billion. This aligned perfectly with the upside momentum seen in the WLFI market on Sunday.
