The decentralized finance project, World Liberty Financial, has recorded a total unrealized loss of $124 million despite its ongoing investment strategy.
Overview of Losses Amid Market Downturn
World Liberty Financial, backed by Donald Trump and his family, has seen significant losses of $124 million among nine tokens according to Lookonchain. Last week, the project acquired an additional 541,783 SEI tokens using $100,000 in USDC. The company's portfolio includes Ethereum (ETH), Wrapped Bitcoin (wBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Ondo Finance (ONDO), and Sei (SEI).
Market Decline: Key Tokens
Among the biggest losses in World Liberty Financial's portfolio is ETH, which added $93.6 million to the overall loss. The project significantly increased its ETH holdings, leading to substantial losses amid a 13% drop in cryptocurrency prices. WBTC, AAVE, LINK, and ENA also led to losses over $3 million, particularly due to the decline in LINK prices and other tokens.
World Liberty Financial's Token Sale
In more positive news, World Liberty Financial has completed its token sale, raising $590 million. This is one of the largest sales in history, though it is not surpassing the record $4.21 billion raised by EOS. Project co-founder Zak Folkman credited Justin Sun's support, which contributed to the success of this campaign, despite initial criticism due to the company's ties with the Trump family.
Amid current losses and fundraising successes, World Liberty Financial continues to be a significant player in the decentralized finance sector, despite the challenges it faces.
