Here’s How Much Trump’s Crypto Project Has Lost Amid Altcoin Downturn
World Liberty Financial (WLFI), a cryptocurrency initiative associated with U.S. President Donald Trump, has been at the center of attention due to its altcoin investments.
However, the downturn in the market has significantly impacted the project’s portfolio.
Recent data reveals that WLFI has incurred a loss of $110 million, with its portfolio, which was initially valued at $336 million, now standing at only $226 million.
The most notable losses stem from Ethereum (ETH), which makes up a large portion of their holdings. The project had purchased ETH at an average price of $3,240, but the current price is around $2,000, deepening the loss.
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In addition to Ethereum, WLFI also holds substantial amounts of Wrapped Bitcoin (WBTC), MOVE, and TRX.
To fund these investments, WLFI has largely relied on private sales of its own token, WLFI, contributing to the portfolio’s diversification.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
