Losses of the Cryptoproptop of the Family Trump World Liberty Financial (WLFI) from investments in cryptocurrencies reached $ 145 million. In total, the startup spent about $ 350 million, which are now estimated at about $ 200 million, according to the information collected by the LOOKONCHain cryptoanalyst. He writes about this RBC Crypto.
In the documents on the World Liberty Financial website, US President Donald Trump is indicated as the “main human rights activist” of the project. His sons Eric and Donald Trump are the youngest are the “Web3 ambassadors”, and Barron wears the “Defi-visionary” title.
The project was invested in Ethereum (ETH), Tron (TRX), ChainLink (Link), AAVE (AAVE), Ethena (ENA), Movement (Move), SEI (Sei), ONDO (ONDO), MANTLE (MNT), Avalanche (AVAX) and “wrapped” WBTC bitcoin. The last acquisition was the new SEI (SEI) cryptocurrency batch. Last weekend, WLFI spent about $ 775 thousand. For the purchase of 4.89 million SEI, according to Arkham Intelligence.
SEI Network is a first -level blockchain; on its platform, developers create applications for cryptocurrency trading. The project team consists of former employees Goldman Sachs, Databricks, Robinhood, Google and NVIDIA. In August 2023, the project launched the SEI token, the volume of trading in the first day exceeded $ 1.6 billion, overtaking such large coins as XRP from Ripple, BNB or Dogecoin.
According to April 14, the capitalization of the SEI is $ 883 million, it takes 67th place in the list of cryptocurrencies in this indicator. The maximum coin reached in March 2024 at $ 1.14. Now the SEI is trading about $ 0.18 – 84% below the record. In total, about 5.9 million SEI are stored on WLFI wallets.
Due to the drawdown of tokens, after purchases “Paper” (unrealized) loss of the project, it is about $ 145.8 million, according to the data on April 12. The most unprofitable asset is ETH. In February, Eric Trump called the “broadcast” course – $ 2.8 thousand – “an excellent entrance point”, since then in two months the price of altcoin has fallen to two -year minimums – about $ 1.5 thousand.
Eric explains the support of cryptocurrencies by the fact that previously political pressure was exerted at the Trump family through the closure of accounts in traditional banks. Then he realized that cryptocurrencies are faster, cheaper, more transparent and “they cannot“ cancel ”you in them, says Trump.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
