Donald Trump’s World Liberty Financial crypto holdings loss over $4.8 million

Source Fxstreet
  • Lookonchain data shows that Trump’s backed DeFi platform World Liberty Financial faces a $4.84 million loss in its crypto holdings.
  • WLFI’s X account announced routine crypto movements for treasury management, fees, and working capital needs.
  • A whale bought 200 million WLFI tokens worth $3 million.

Donald Trump-backed DeFi platform World Liberty Financial (WFLI) faces a $4.84 million loss in its crypto holdings due to the recent market correction, according to Lookonchain data. On Wednesday, WLFI’s official X account posted that WLFI is making routine movements of their crypto holdings as part of regular treasury management, payment of fees and expenses, and address of working capital requirements. Moreover, a whale bought 200 million WLFI tokens worth $3 million.

Trump’s World Liberty Financial portfolio faces losses amid market correction

According to Lookonchain data, the Donald Trump-backed DeFi platform, World Liberty Financial, faces a $4.84 million loss in its crypto holdings. The Defi platform had purchased a total of $51.70 million worth of tokens like Ethereum (ETH), Wrapped Bitcoin (WBTC), AAVE, Chainlink (LINK), (...) and current values stand at $46.85 million due to the recent crypto market correction.

World Liberty’s Token Purchase chart. Source: Lookonchain

World Liberty’s Token Purchase chart. Source: Lookonchain

Moreover, on Wednesday, Trump’s WFLI exchanged 103 WBTC, worth $9.89 million, for 3,075 ETH at $0.03354 and deposited 18,536 ETH, worth $59.8 million, into CoinbasePrime. Afterward, World Liberty spent 1.7 million USDT to buy 17.62 WBTC at $96,491, according to Lookonchain data.

During the same period, WLFI’s official X account posted that WLFI is making routine movements of their crypto holdings as part of regular treasury management, payment of fees and expenses, and address of working capital requirements. 

“To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes,” says the WLFI’s X post. 

WLFI concluded that these actions are intended to be part of maintaining a strong, secure, and efficient treasury. There is no need to speculate — this is all standard practice for managing operations at WLFI.

Lastly, according to Lockonchain, a whale spent 3 million USDC stablecoin on Tuesday to buy 200 million WLFI tokens on Tuesday, indicating rising investors' demand for Donald  Trump-backed DeFi platform World Liberty Financial.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: Cooling Inflation Fails to Offset Fed Hawkish Pressure, Gold Price May Fall to $3,500As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
Author  TradingKey
9 hours ago
As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
placeholder
TradingKey Daily Market Brief: Gold Falls Below $4,000, TSMC’s Strong Earnings Fail to Stop AI Trade Cooling, Chip Stocks Sold OffTracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
Author  TradingKey
18 hours ago
Tracking Market TrendsTradingKey - On July 16, Eastern Time, the three major US stock indexes closed down collectively. Although US economic data performed robustly and the start of the Q2 earnings se
placeholder
SK Hynix ADR Premium Narrows Sharply, Two-Way Conversion Imminent, Arbitrage Window Tests PricingAfter experiencing a wild surge following its initial listing, SK Hynix ( SKHY) ADR premium is rapidly unwinding. In US trading on Wednesday, July 15, SK Hynix ADRs closed down 9% at $176
Author  TradingKey
Yesterday 10: 27
After experiencing a wild surge following its initial listing, SK Hynix ( SKHY) ADR premium is rapidly unwinding. In US trading on Wednesday, July 15, SK Hynix ADRs closed down 9% at $176
placeholder
Today’s Market Recap: Unexpected PPI Drop Boosts Markets, Apple Hits All-Time High, AI Hardware Stocks Remain Under Pressure, Micron, SanDisk SlumpOn July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
Author  TradingKey
Yesterday 01: 20
On July 15, Eastern Time, the three major US stock indexes closed higher for the second consecutive trading day. The unexpected decline in the US June PPI further st
placeholder
Gold Price Trend Forecast: Why Did Gold Prices Fall After US CPI Cooled? Fed Chair Speech and Iran Situation Become Obstacles As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
Author  TradingKey
Jul 15, Wed
As of the Asian trading session on July 15, gold ( XAUUSD) prices fell back to fluctuate near $4,030, erasing nearly all of the gains driven by yesterday's positive CPI data. Looking at t
goTop
quote