Trump’s Crypto Project WLFI Suffers $4.8M Loss Amid Market Volatility

US president-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President ‘s crypto project, World Liberty Financial (WLFI), has quickly gained attention in the crypto community. With $4.8 million in unrealized losses and some major transactions making waves, the project has sparked plenty of discussion.

But what’s really behind these losses? Dive into the details and explore what could be the next big move for Trump’s venture.

WLFI’s Early Moves in Crypto

WLFI, which was launched in September, made its first crypto purchase in December. Among the cryptos it initially purchased were prominent cryptocurrencies like Ethereum, AAVE and LINK. Later, it added some sensational crypto like Wrapped Bitcoin Price Chart, ONDO and Ethena. 

Over the past month, WLFI has faced heavy losses across its portfolio. Here’s how its holdings have performed:

• Ethereum: -18.9%
• AAVE: -26.2%
• LINK: -33.3%
• WBTC: -7.4%
• ONDO: -44.4%
• Ethena: -35.8%

The $4.8M Unrealized Loss: Why It Happened

Reports show that WLFI has suffered a significant unrealized loss of $4.8 million. The primary cause behind this is market uncertainty. Cryptos like ETH, WBTC, AAVE, LINK, and ONDO have experienced sharp declines, which have contributed heavily to the loss.

WLFI’s Suspicious Transactions: What You Should Know

A recent post from Lookonchain revealed that WLFI had exchanged some of its WBTC for ETH and USDC for WBTC. These transfers raised concerns that the project might be preparing to sell off more assets. However, WLFI’s leadership has dismissed these concerns, calling the moves routine and rejecting the idea of a potential sell-off.

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WLFI Plays the Long Game

Despite facing major unrealized losses, WLFI has stayed committed to its position in the crypto market. This shows the project’s belief in the long-term potential of crypto, even during uncertain times. It’s clear that the team remains focused on growth, indicating that their journey is far from over.

To wrap up, Trump’s WLFI crypto project has shown resilience in the face of market volatility. With $4.8 million in unrealized losses and significant transactions, the project is positioning itself for long-term success in the crypto space. While short-term setbacks are clear, WLFI’s confidence in the future of crypto suggests that their story is just beginning.

Despite the losses, the project’s commitment to crypto signals that this is just the beginning of a much larger story.