World Liberty Financial, a cryptocurrency investment firm backed by Donald Trump
However, the portfolio has since dropped by over 21%, leading to an unrealized loss of $51.77 million.
But how did this happen? And what does this mean for the firm’s future in the volatile crypto market?
The firm’s largest holdings—Ethereum (ETH), Wrapped Bitcoin (WBTC), and Ethena (ENA)—have taken major hits, which have contributed to the overall decline in the portfolio’s value.
Token | Accumulation (Tokens) | Total USD Spent | Avg. Buy Price | Current Price | PnL (USD) | PnL (%) |
---|---|---|---|---|---|---|
ETH | 45,405 | $149.95M | $3,303 | $2,495 | – $36.67M | -24.45% |
WBTC | 629.095 | $66.84M | $106,248 | $93,426 | – $8.07M | -12.07% |
TRX | 40,718,118 | $10.00M | $0.246 | $0.209 | – $1.48M | -14.78% |
AAVE | 13,261 | $4.70M | $354.42 | $227.76 | – $1.68M | -35.74% |
ENA | 5,037,299 | $4.70M | $0.933 | $0.525 | – $2.05M | -43.72% |
LINK | 177,928 | $4.70M | $26.415 | $18.42 | – $1.42M | -30.27% |
MOVE | 2,397,674 | $1.88M | $0.784 | $0.617 | – $401K | -21.36% |
Ethereum (ETH), the firm’s largest holding, has fallen by 24.45%, dropping from an average buy price of $3,303 to $2,495, resulting in a $36.67 million loss.
Wrapped Bitcoin (WBTC), the second-largest position, has declined by 12.07%, causing an $8.07 million loss.
Other assets like TRON (TRX) and AAVE have also suffered double-digit losses, adding to the portfolio’s struggles. However, Ethena (ENA) has experienced the biggest drop, falling 43.72% from $0.933 to $0.525. The firm’s $4.7 million investment in ENA has lost over $2 million in value, raising concerns about its exposure to volatile assets.
World Liberty Financial’s recent losses highlight the unpredictable nature of the cryptocurrency market. Despite backing from the Trump family and a diversified portfolio, the firm has been impacted by sharp market downturns that have affected even top digital assets.
While these short-term losses are substantial, the potential for a market rebound suggests there may be room for recovery.
UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…
Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…
According to historical footprints in the global crypto market, festive seasons are always important for…