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HomeCryptoAltcoins9 tokens bought by Trump-backed WLFI suffer a $124M loss

9 tokens bought by Trump-backed WLFI suffer a $124M loss

World Liberty Monetary (WLFI), the decentralized finance (DeFi) mission backed by Donald Trump and his household, has recorded a complete unrealized lack of $124 million on 9 tokens, in accordance with on-chain knowledge from Lookonchain.

The losses come regardless of World Liberty Monetary’s ongoing funding technique, which noticed it buy a further 541,783 SEI tokens late Thursday utilizing $100,000 in USDC.

Trump’s World Liberty(@worldlibertyfi) spent 100K $USDC to purchase 541,783 $SEI once more 5 hours in the past.

The 9 tokens bought by World Liberty are at the moment in a complete lack of $124M!https://t.co/xSSBxhy4Wl pic.twitter.com/lckcFLRjOB

— Lookonchain (@lookonchain) March 14, 2025

The 9 tokens on the platform’s portfolio are Ethereum (ETH), Wrapped Bitcoin (wBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Motion (MOVE), Ondo Finance (ONDO), and Sei (SEI).

ETH, wBTC, LINK and AAVE market stoop add to WLFI losses

Among the many greatest losses in World Liberty Monetary’s portfolio is ETH, which topped the losses charts with $93.6 million shillings. On March 6, the mission considerably elevated its ETH holdings, tripling its place within the crypto in a interval of every week.

Information from Arkham Intelligence reveals that World Liberty Monetary now holds roughly $11.2 million extra in ETH than it did every week earlier. ETH’s intraweek costs have dropped greater than 13%, including to WLFI’s portfolio $1.92 million losses over the identical time.

ETH/USDT price chart

ETH/USDT worth chart. Supply: TradingView

Different losses got here from WBTC, AAVE, LINK, and ENA, who all wiped away over $3 million from the DeFi platform. Out of the three, it’s LINK that added most to the mission’s woes, which is down virtually 18% from its worth of $17.6 on March 7.

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Final week, WLFI added $10 million price of Wrapped Bitcoin and $1.5 million in Motion Community (MOVE) tokens to its treasury. These acquisitions took its general portfolio deeper within the crimson, with MOVE shedding over 10.5% of its worth within the final seven days, now altering palms at $0.47.

In early February, WLFI transferred its whole crypto treasury to Coinbase Prime, describing the motion as a part of its treasury administration technique, to cowl operational bills, charges, and dealing capital necessities.

“To be clear, we’re not promoting tokens, we’re merely reallocating property for abnormal enterprise functions,” WLFI acknowledged on its official X account to dispel accusations that it was dumping tokens.

WLFI’s token sale raises $590 million

In different extra constructive information, World Liberty Monetary’s has reportedly closed its token sale, securing roughly $590 million in funding. In accordance with knowledge compiled by ICODrops, the determine locations WLFI’s token sale among the many high 10 largest in historical past, although it stays removed from the document $4.21 billion raised by EOS.

WLFI co-founder Zak Folkman has publicly credited Tron’s Justin Solar for the mission’s fundraising success. Talking at Consensus 2025 in Hong Kong, Folkman mentioned that Solar’s funding and presence within the mission’s plans helped transfer the market’s constructive sentiment round WLFI, which initially had little assist due to the platform’s affiliation with the Trump household.

“Once we have been launching this mission, it was a really heated time,” Folkman mentioned throughout the Consensus panel dialogue. “There was plenty of scrutiny on our mission on account of who was concerned.”

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He defined that a number of conventional crypto enterprise capital corporations shied away from investing in WLFI, cautious about its political associations. Nonetheless, Justin Solar boldly made investments price $30 million into the mission in November 2024 earlier than rising his dedication this yr.

“Solar noticed that whatever the final result, this mission is a monumental transfer ahead for the whole crypto neighborhood,” Folkman added.

As of the most recent knowledge on WLFI’s web site, solely 34.6 million tokens stay from the 5 billion that was added to the general public sale on January 20. It has now bought 24.97 billion WLFI tokens out of the 25 billion allotted, which accounts for 25% of the overall token provide.

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