Donald Trump's World Liberty Financial (WLFI) has made a significant investment in the cryptocurrency market, investing $336 million in nine different tokens. Let's examine which cryptocurrencies were purchased and what this means for the market.
Trump's Crypto Fund: A $336 Million Investment
Backed by the Trump family, WLFI is building a diversified crypto portfolio. According to transaction data, the fund holds tokens like Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo (ONDO), and Sei (SEI).
A New $21.5 Million Crypto Purchase
On March 6, WLFI executed another major crypto purchase, acquiring ETH, WBTC, and MOVE for a total of $21.5 million. These purchases were made using USDC from a multi-signature wallet.
How Much Crypto Does WLFI Hold Now?
As of March 6, Arkham Intelligence reports that WLFI's total asset holdings amount to $80.14 million, including 7,091 ETH and 162.69 WBTC, with $3.5 million still unspent.
WLFI's initiative could be a game-changer in the cryptocurrency market. However, this move raises criticism regarding possible conflicts of interest and its influence on the value of invested assets.
