Editor's PiCK

Trump Family's Virtual Asset Project WLFI Faces Poor Investment Performance with a Total Loss of Over $4 Million

Source
Minseung Kang

Summary

  • The WLFI project is reported to have recorded a loss of $4.28 million.
  • WLFI has not been listed on major exchanges and is said to be focusing on 13 major assets including Bitcoin and Ethereum.
  • Major investment positions such as Mantle, Movement, and Ondo are reported to have recorded double-digit losses.

The virtual asset (cryptocurrency) project World Liberty Financial (WLFI), led by the Donald Trump family, is experiencing poor investment performance contrary to expectations.

According to the cryptocurrency specialized media Cointelegraph on the 26th, it is estimated that World Liberty Financial's portfolio has incurred a loss of approximately $4.28 million (about 6.1 billion KRW) when converted based on the average purchase price.

Since its official launch in September last year, WLFI raised initial funds through a token sale of approximately $550 million. The self-issued WLFI tokens were sold in two rounds but have not yet been listed on major exchanges.

WLFI has built a diverse virtual asset portfolio using these funds, focusing on 13 major assets including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). However, the portfolio concentration is high, as the value of individual coins held, excluding the top 13 assets, is less than $100,000.

The assets that World Liberty has recorded profits from so far are limited to a few, including Wrapped Bitcoin (WBTC), Sei (SEI), and Avalanche (AVAX). On the other hand, major investment positions such as Mantle (MNT), Movement (MOVE), Ondo (ONDO), and Ethereum (ETH) are recording double-digit losses as of today. In particular, MOVE has seen its value drop by more than 50% compared to the investment amount.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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