Market turbulence erupted recently when Eric Trump, co-founder of World Liberty Financial, removed a previous endorsement related to the WLFI token. According to monitoring data from February 23, the retweet deletion briefly sparked significant market reaction, with WLFI experiencing a sharp decline exceeding 8% amid the uncertainty. The removal of what appeared to be a pivotal endorsement sent ripples through the ecosystem, raising questions about potential shifts in project dynamics.
The Brief Market Shock
Following the retweet removal, WLFI tumbled over 8%, briefly trading below key support levels before stabilizing. The stablecoin USD1, which is integral to the World Liberty Financial ecosystem, briefly lost its dollar peg, sliding to approximately 0.9802 USDT before recovering to near-parity levels. These price movements underscore how sensitive the market remains to signals from high-profile figures associated with the project, particularly when communication appears inconsistent.
Current Market Status
As of the latest updates, WLFI has stabilized around the $0.11 level, though sentiment remains cautious following the endorsement reversal. USD1 has recovered to its intended peg price of approximately $1.00, suggesting some market stabilization after the brief turmoil. However, Eric Trump’s personal X account continues to feature World Liberty Financial’s official account, and many previous tweets promoting the project remain visible—a detail that adds complexity to interpreting the significance of the retweet deletion.
Implications for Stakeholders
The incident highlights how briefly timed shifts in messaging can create market volatility, even when the underlying project fundamentals remain unchanged. The fact that comprehensive project promotion materials remain visible on Eric Trump’s profile suggests the removal may have been tactical rather than indicative of broader project concerns. Investors and community members will likely remain vigilant for further communication signals as the situation develops.
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Eric Trump's Brief Endorsement Reversal Triggers Sharp Decline in WLFI and USD1
Market turbulence erupted recently when Eric Trump, co-founder of World Liberty Financial, removed a previous endorsement related to the WLFI token. According to monitoring data from February 23, the retweet deletion briefly sparked significant market reaction, with WLFI experiencing a sharp decline exceeding 8% amid the uncertainty. The removal of what appeared to be a pivotal endorsement sent ripples through the ecosystem, raising questions about potential shifts in project dynamics.
The Brief Market Shock
Following the retweet removal, WLFI tumbled over 8%, briefly trading below key support levels before stabilizing. The stablecoin USD1, which is integral to the World Liberty Financial ecosystem, briefly lost its dollar peg, sliding to approximately 0.9802 USDT before recovering to near-parity levels. These price movements underscore how sensitive the market remains to signals from high-profile figures associated with the project, particularly when communication appears inconsistent.
Current Market Status
As of the latest updates, WLFI has stabilized around the $0.11 level, though sentiment remains cautious following the endorsement reversal. USD1 has recovered to its intended peg price of approximately $1.00, suggesting some market stabilization after the brief turmoil. However, Eric Trump’s personal X account continues to feature World Liberty Financial’s official account, and many previous tweets promoting the project remain visible—a detail that adds complexity to interpreting the significance of the retweet deletion.
Implications for Stakeholders
The incident highlights how briefly timed shifts in messaging can create market volatility, even when the underlying project fundamentals remain unchanged. The fact that comprehensive project promotion materials remain visible on Eric Trump’s profile suggests the removal may have been tactical rather than indicative of broader project concerns. Investors and community members will likely remain vigilant for further communication signals as the situation develops.