World Liberty Financial (WFLI), a decentralized finance (DeFi) platform backed by Donald Trump, is facing a $4.84 million loss in its cryptocurrency holdings due to the recent market downturn. Lookonchain data reveals that WFLI's portfolio has shrunk from $51.70 million to $46.85 million. Despite the losses, WFLI has undertaken several transactions, including exchanging WBTC for ETH and depositing ETH into Coinbase Prime. The platform maintains that these are routine activities for treasury management and not selling of tokens.
Donald Trump -backed decentralized finance (DeFi) platform, World Liberty Financial (WFLI), is currently facing a $4.84 million loss in its cryptocurrency holdings due to the recent market downturn. Lookonchain data reveals that WFLI's portfolio, which consisted of various cryptocurrencies like Ethereum (ETH), Wrapped Bitcoin (WBTC), AAVE, Chainlink (LINK), and others, had an initial value of $51.70 million. However, the recent market correction has brought the value down to $46.85 million.
On Wednesday, WFLI made several notable transactions. It exchanged 103 WBTC, worth $9.89 million, for 3,075 ETH at a price of $0.03354 per ETH. Subsequently, 18,536 ETH, valued at $59.8 million, was deposited into Coinbase Prime. Following these transactions, WFLI spent 1.7 million USDT to acquire 17.62 WBTC at a price of $96,491 each.These activities were clarified by WFLI's official X account, stating that they are routine movements of their crypto holdings for ordinary business purposes like treasury management, fee payments, and addressing working capital requirements. They emphasized that they are not selling tokens but are merely reallocating assets. Adding to the positive sentiment surrounding WFLI, a whale purchased 200 million WLFI tokens worth 3 million USDC stablecoins on Tuesday, indicating a growing interest from investors in the Donald Trump-backed DeFi platform
CRYPTOCURRENCY Defi WORLD LIBERTY FINANCIAL DONALD TRUMP MARKET CORRECTION LOOKONCHAIN
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