Trump’s Crypto Bet Goes Sour: World Liberty Portfolio Loses $5M
Highlights
- Donald Trump's crypto venture faces $4.8M in unrealized losses in ETH, WBTC, AAVE, LINK, and ONDO.
- On-chain data shows that WLFI transferred $59.8M worth of ETH to Coinbase after trading WBTC with ETH.
- World Liberty Financial team denies selling and explains it as a routine operation.
Trump’s renowned crypto venture, World Liberty Financial, is again in the headlines after buying millions of cryptos in 2024. Despite its investment in popular cryptocurrencies, the DeFi crypto project is facing a $4.8M loss. At the same time, the wallet address transaction history shows multiple transactions from the portfolio concerning crypto investors. Let’s discuss Trump’s crypto bets and the current conditions.
World Liberty Financial Loses $4.9M In Its Crypto Holdings
Donald Trump’s crypto project was launched in September, but its first crypto purchase occurred in December. The DeFi platform spent $12 million to buy popular cryptos like Ethereum (ETH), Aave, and Chainlink (LINK), with ETH having the biggest portion. At that time, the prices of these cryptos rose higher with WLFI’s buying. That was just a start, and the firm bought even more with time, adding WBTC, ONDO, ENA, and many others to its holdings.
However, amid market uncertainties and Bitcoin price struggles, altcoins faced a major correction. This impact is visible in World Liberty’s portfolio, which lost nearly $4.8M in unrealized losses in the ETH, WBTC, AAVE, LINK, ENA, and ONDO holdings. The crypto project has not sold any holdings till the time of reporting but bears significant unrealized losses.
In contrast, Donald Trump’s crypto holdings are growing. Eventually, this will make him the first-ever sitting President with meme coin holdings. Although losses were quite expected in this changing market, the project seems unaffected, except for a few transactions.
Is Donald Trump’s Crypto Project Selling Holdings?
Many on-chain analytics platforms have noticed the transaction from the WLFI wallet. A Lookonchain X post states that the World Liberty firm exchanges some of its WBTC for ETH and USDC for WBTC. According to the post, the crypto project has exchanged 103 WBTC ($9.89M) for 3,075 ETH at the rate of $0.0354. After that, a total of $59.8M worth of ETH has been transferred to Coinbase.
WLFI also spent 1.7M USDT and bought 17.62 WBTC at $96,491. This constant buying confirms the project’s farseeing in the industry, as it’s still holding despite current losses.
These transfers have concerned investors about a possible selling mindset, as the WLFI transferred massive holdings to Coinbase. However, the DeFi crypto project’s team has clarified the reasons behind these transactions. With an X post, the team explained that these transactions were routine movements that addressed the project’s functioning. More importantly, these were just a relocation for their ordinary business purpose and were not a sale.
Key Points To Remember
Amid the market’s uncertainties, Donald Trump’s crypto project faces significant unrealized losses. Crypto holdings, primarily in ETH, WBTC, AAVE, LINK, and ONDO, collectively declined by $4.8M. At the same time, World Liberty Financial made a few swaps between WBTC and ETH and added more WBTC to its holdings before transferring $59.8M in ETH to the Coinbase exchange. However, the WLFI team has confirmed that these transactions and exchanges are not connected to selling behavior but are just routine moves needed for the functioning of the project.
- BNB Chain Takes Lead in RWA Tokenization, Expert Sees BNB Rally to $1,300
- Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut
- Crypto Market Rally: Will Bitcoin Catch Up With S&P 500 Gains After Fed Rate Cut?
- Ripple Partners DBS, Franklin Templeton To Launch Trading And Lending Backed by RLUSD
- XRP, SHIB, HBAR Among 15 to Get Faster Crypto ETF Approval Under SEC’s New Rule
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
