Trump-Backed WLFI Invests $3 Million in This Altcoin

The Trump-affiliated WLFI project recently acquired 3.539 million MNT tokens for a total of $3 million, averaging $0.84 per token.

This purchase is part of a broader crypto investment effort, with WLFI allocating around $343 million across multiple digital assets.

The project’s portfolio includes a mix of well-known cryptocurrencies such as Ethereum, Wrapped Bitcoin, TRON, Chainlink, AAVE, Ethena, Move, Ondo, Sei, Avalanche, and Mantle.

However, despite these substantial holdings, WLFI is currently facing an unrealized loss of roughly $109 million due to declining asset values.

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The Trump family’s increasing presence in the crypto sector has drawn attention, particularly as former President Donald Trump has been vocal about his support for digital assets.

Yet, WLFI’s losses underscore the unpredictable nature of cryptocurrency investments, where market swings can rapidly erode valuations. Whether this investment approach will prove profitable in the long run remains uncertain, as market volatility continues to shape the sector’s landscape.

Alexander Stefanov