In the latest development, the Trump family's crypto project WLFI has made significant new investments in the crypto market.
New Investments in AVAX and MNT
Just two hours ago, the Trump family's project 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 project in diversifying its crypto holdings.
$340 Million Invested in 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.
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. The overall unrealized loss is around $115 million, $88 million of which is from Ethereum (ETH).
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.
