Trump-Backed Crypto Project Faces $118 Million Loss
- World Liberty Financial (WLFI), backed by Donald Trump, acquired $2 million worth of Avalanche (AVAX) and Mantle (MNT).
- WLFI’s portfolio includes over 11 crypto assets, with a total investment of $343 million.
- The entire portfolio is experiencing losses, totaling approximately $118 million.
- Current trading prices: AVAX at $18.35 and MNT at $0.826.
- Trump proposed a national crypto strategic reserve to counter perceived attacks by the Biden administration.
World Liberty Financial, supported by President Trump, has invested heavily in cryptocurrencies but is currently facing significant losses of about $118 million across its portfolio.
Source (2.6)https://dailyhodl.com/2025/03/17/president-trumps-world-liberty-financial-purchases-more-crypto-as-total-losses-hits-118000000-on-chain-data/?rand=59076
