CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
The Daily Hodl 2025-03-17 11:45:53

President Trump’s World Liberty Financial Purchases More Crypto As Total Losses Hits $118,000,000: On-Chain Data

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain , World Liberty Financial (WLFI) bought about $2 million worth of Avalanche ( AVAX ) and Mantle ( MNT ). Avalanche is a layer-1 Ethereum ( ETH ) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World Liberty has spent $343 million on 11 different tokens – but every single one is in the red, with a total loss of $118 million!” Source: Lookonchain/X At time of writing, AVAX is trading at $18.35 while MNT is priced at $0.826. Besides privately accumulating digital assets through WLFI, President Trump has also proposed for the US to create its own national crypto strategic reserve of Bitcoin ( BTC ) and several large-cap altcoins. Trump’s initial confirmation of the crypto reserve triggered a $100 billion surge in the global crypto market, which was ultimately short-lived. Trump framed the reserve as a response to what he called “corrupt attacks” on the crypto industry by the Biden administration, emphasizing his goal to make the US the “crypto capital of the world.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post President Trump’s World Liberty Financial Purchases More Crypto As Total Losses Hits $118,000,000: On-Chain Data appeared first on The Daily Hodl .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.