Trump Also Suffered From The Big Decline: Here’s How Much He Lost in the Latest Altcoin Crash
In the recent cryptocurrency crash, altcoins owned by Donald Trump's crypto project also suffered major losses.
World Liberty Financial (WLFI), the cryptocurrency project backed by US President Donald Trump, has been much talked about recently with its altcoin purchases.
However, due to the decline, the portfolio of this project was also greatly damaged.
According to the data, the current loss in the portfolio of the Trump family project has reached $ 110 million. The total value of the largest altcoins in the portfolio, purchased for $ 336 million, currently corresponds to $ 226 million.
However, when the details of the portfolio are examined, it is observed that the most assets are in Ethereum (ETH) and the most loss is in this cryptocurrency. The company purchased its ETHs for an average of $ 3,240 and at the time of writing, the ETH price is trading at $ 2,000.
The company also has a large amount of WBTC, MOVE and TRX in its portfolio. The company has funded a significant portion of its investments through private sales of its own token, WLFI.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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