Trump-Backed Crypto Project WLFI Faces $51.7M Loss

The Trump-backed cryptocurrency initiative, WLFI, has allocated a staggering $242.77 million towards its cryptocurrency investments. However, it is currently facing significant unrealized losses amounting to over $51.7 million, translating to a decline of approximately 21% in value.

Breaking down the losses by asset, Ethereum (ETH) has incurred an unrealized loss of $36.7 million, representing a 24.4% depreciation. Meanwhile, Bitcoin (BTC) has not been exempt from market volatility, suffering an unrealized loss of $8 million or 12.2%. Additionally, the asset ENA has experienced the most severe downturn, with an unrealized loss of $2.05 million, totaling a dramatic drop of 43.7%. This situation underscores the inherent risks associated with cryptocurrency investments in today’s fluctuating financial landscape.

The Trump-backed crypto project WLFI has spent a total of $242.77 million allocated to purchasing cryptocurrency, with a current overall unrealized loss of over $51.7 million (-21%).

· ETH: Unrealized loss of $36.7 million (-24.4%)

· BTC: Unrealized loss of $8 million (-12.2%)

· ENA: Unrealized loss of $2.05 million (-43.7%)