Trump-Backed WLFI Project Stumbled A Loss Of $110 Million

• WLFI’s crypto portfolio has lost $110 million, with holdings dropping from $336M to $226M.
• ETH, making up 65% of WLFI’s holdings, saw the biggest drop, losing $80.85M (-37%).
• WLFI had recently invested $21.5M in more tokens ahead of the White House Crypto Summit.

Trump-backed crypto project World Liberty Financial (WLFI) witnesses a severe loss. According to Arkham Intelligence, WLFI’s total losses have reached $110 million. The project had invested $336 million in nine cryptocurrencies, but its current holdings are now worth only $226 million.

Ethereum (ETH) represents the largest proportion of WLFI’s invested assets yet has experienced the worst performance. The project purchased ETH at an average price of $3,240, but the token now trades at around $2,067. The price decrease caused an estimated $80.85 million decline, representing a 37% drop. Other assets in the portfolio, including Wrapped Bitcoin (WBTC) and Movement (MOVE), have also declined in value.

Among all the holdings, TRX, associated with Sun Ge, has been the most stable. It has only dropped by 5% since WLFI’s purchase. Meanwhile, other tokens such as WHITE and MOVE have seen significant declines, with WHITE suffering a 19.01% loss and MOVE down 7.07%.

WLFI had previously announced a new investment of $21.5 million in additional tokens. The purchases included $10 million worth of WBTC (110 tokens), $10 million in ETH (4,468 tokens), and $1.5 million in MOVE (3.42 million tokens). This move came just before the White House Crypto Summit on March 7, a highly anticipated event for the industry.

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Rekt Fencer, founder of X DAO, commented on the situation, stating that despite market uncertainty and Trump’s proposed tariffs, WLFI continues to buy ETH on every dip. He suggested that this signals confidence in the crypto market.

WLFI has actively invested in the crypto space over recent months. It has built a portfolio spanning various blockchain networks. The company’s total investment in nine tokens reflects its strong belief in digital assets.

However, market conditions have caused sharp declines in value. Despite adding more funds to its portfolio, losses have continued to mount. The sharp drop in ETH prices has been the primary factor behind these losses.

As of now, WLFI’s future investment plans remain unclear. With ETH making up the majority of WLFI’s portfolio, future market movements will be crucial in determining whether the project can recover its losses.

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