Trump Family’s WLFI Crypto Portfolio Faces $110M Loss
Trump family's WLFI project suffers a $110M loss as ETH and other crypto investments drop in value. ETH makes up 65% of holdings.
- WLFI’s portfolio has dropped by $110M from its $336M investment.
- ETH, which accounts for 65% of the holdings, has seen the biggest loss.
- The average ETH purchase cost was $3,240, but it now trades at $2,000.
The Trump family-backed WLFI project has suffered a significant financial setback as its cryptocurrency portfolio has plunged in value. Originally valued at $336 million, the portfolio has now dropped to approximately $226 million, marking a total loss of $110 million.
Among the nine cryptocurrencies in its holdings, Ethereum (ETH) holds the largest share, making up 65% of the portfolio. However, ETH’s price decline has played a major role in the overall losses experienced by WLFI.
Ethereum Leads the Decline
ETH’s price has seen a substantial drop from the average purchase cost of $3,240 to its current trading price of around $2,000. This decline has caused a major dent in the WLFI fund, making Ethereum the biggest contributor to the project’s losses. The volatile nature of the crypto Market has made it challenging for WLFI to maintain its investment value, despite initial optimism.
Uncertain Future for WLFI
The WLFI project’s future remains uncertain as it grapples with market fluctuations and asset devaluation. With ETH making up the majority of its holdings, any further downturn in the cryptocurrency’s price could lead to additional losses. However, a potential market recovery could help WLFI regain lost ground. Investors and analysts will be closely watching the project’s next moves in response to the declining portfolio value.
