Trump Crypto Project WLFI Buys AVAX, MNT for $4M
Trump-linked crypto project WLFI buys $4M worth of AVAX and MNT, total investment hits $340M with $115M in unrealized losses.
- WLFI bought AVAX and MNT worth $4M using USDT.
- Total investment now stands at $340M across 11 tokens.
- WLFI faces $115M in unrealized losses, $88M from ETH alone.
WLFI Adds AVAX and MNT to Crypto Portfolio
In the latest development, the Trump family’s crypto project, WLFI, has made significant new investments in the crypto Market. Just two hours ago, WLFI spent $2 million USDT to acquire 103,911 AVAX and an additional $2 million USDT to buy 2.45 million MNT. These purchases signal continued activity and interest from the Trump-backed project in diversifying its crypto holdings.
$340M Invested Across 11 Tokens
With these recent acquisitions, WLFI’s total investment now stands at approximately $340 million. The project has spread this capital across 11 different tokens, reflecting an aggressive strategy to gain exposure in various crypto assets.
However, this approach hasn’t yet yielded profits. WLFI is currently facing an overall unrealized loss of around $115 million. The biggest contributor to this deficit is Ethereum (ETH), on which the project has lost approximately $88 million.
Heavy Losses Despite Market Activity
Despite being active in the market, the Trump crypto project WLFI is under pressure due to these mounting unrealized losses. The latest buys into AVAX and MNT suggest a continued commitment to expanding their portfolio, perhaps betting on a market rebound or long-term value appreciation.
Market watchers are closely monitoring WLFI’s movements, especially given its high-profile backing and significant financial commitment. Whether this strategy pays off remains to be seen, but it underscores how volatile and unpredictable the crypto investment landscape can be—even for major players.
