As the White House Crypto Summit approaches, all eyes are on WLFI, a DeFi project backed by the Trump family. Reports suggest the project has quietly accumulated a staggering $336 million in digital assets, including Bitcoin and several altcoins. But the timing of these moves is raising eyebrows.
With Trump expected to reveal his Bitcoin strategy at the summit, some are wondering – could these investments be linked to a bigger plan?
The market is buzzing with speculation, and the upcoming event could provide the answers.
With just over a day left before the March 8 White House Crypto Summit, where Trump may announce his Bitcoin strategy, WLFI made another major crypto purchase. The project bought $21.5 million in tokens, including:
According to blockchain tracking platform Ember, WLFI has spent a total of $336 million buying nine different cryptocurrencies: ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI. While most of these assets were moved to Coinbase Prime, it is unclear whether they have been sold. WLFI, however, claims they haven’t.
If these holdings remain unsold, WLFI currently has an unrealized loss of about $88 million. The biggest percentage loss is in ENA, which has dropped 63 percent, while the largest dollar loss is in ETH, which is down $67.35 million, or 31 percent.
Over the weekend, President Donald Trump
In a recent interview, Commerce Secretary Howard Lutnick added that Bitcoin would be treated differently from altcoins like XRP, SOL, and ADA. His comments have led to further speculation about the government’s approach to cryptocurrency.
With the White House Crypto Summit set for March 8, the event could be a major turning point for the market. Trump is expected to reveal his Bitcoin reserve strategy, which could have a significant impact on prices and investor sentiment.
Several industry leaders and members of Trump’s crypto task force will be attending. Meanwhile, Bitcoin and other cryptocurrencies saw a slight rebound on Wednesday as investors awaited key announcements.
The White House Crypto Summit will take place on Friday, March 8, from 1:30 p.m. to 5 p.m. ET. David Sacks, Trump’s AI and crypto advisor, is expected to lead the discussions.
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