The WLFI token experienced a significant surge, climbing over 22% ahead of the Mar-a-Lago World Liberty Forum. According to NS3.AI, this increase is largely attributed to event-related excitement and substantial buying activity by large investors, commonly referred to as 'whales.' Experts indicate that the rally may be driven more by a short squeeze and sentiment rather than fundamental strength.
The project is currently under political scrutiny due to a controversial investment from the UAE, which has raised concerns about potential regulatory challenges in the future. As the forum approaches, the token's performance continues to be closely monitored by market participants.