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Trump Shot Himself with His New Policy: Altcoin Investments at 50 Million Loss! - Coin Bulletin
The sharp decline in the crypto markets also affects large investment funds. World Liberty Financial incurred a loss of $51.7 million after its $242 million investment in the last week of January.
The new customs tariffs of US President Donald Trump have caused panic in the market, leading to significant losses in the fund's crypto assets. One of the most affected by these developments is the fund known as World Liberty Financial (WLFI), which is Trump's crypto project. Despite making a total investment of $242.7 million, the fund is currently facing a loss of $51.7 million.
In particular, Ethereum, Wrapped Bitcoin (WBTC), and Ethena (ENA) investments have caused significant losses for the fund. While the sharp drop in Ethereum price has been one of the biggest loss items for the fund, double-digit losses have also been observed in Wrapped Bitcoin and Ethena. Investors are questioning whether the uncertainty in the markets will continue with Trump's statement, 'This pain will be worth the price we pay'.
The fund's altcoin investments also faced heavy losses. 40,718,118 units were purchased for TRX and $10 million investment was made. However, the price dropped from $0.246 to $0.209, resulting in a $1.48 million loss. For AAVE, 13,261 units were purchased at an average price of $354.42. However, with the price dropping to $227.76, a $1.68 million loss occurred.
The ENA investment was also a big blow to the fund. With the purchase of 5,037,299 units, ENA caused a loss of 2.05 million dollars by falling from 0.933 dollars to 0.525 dollars. Similarly, although 177,928 units of LINK were purchased at an average price of 26.42 dollars, the price fell to 18.42 dollars, resulting in a loss of 1.42 million dollars. In the MOVE investment, 2,397,674 units were purchased at an average price of 0.784 dollars, but it fell to 0.617 dollars, resulting in a loss of 401,000 dollars.