World Liberty Financial (WLFI), the DeFi Project Backed by the Trump Family, Purchased $2M Each of Avalanche (AVAX) and Mantle (MNT) Tokens

World Liberty Financial (WLFI), the DeFi project backed by the Trump family, on Saturday purchased $2 million each of Avalanche (AVAX) and Mantle (MNT) tokens

World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by the Trump family, on Saturday purchased $2 million each of Avalanche (AVAX) and Mantle (MNT) tokens, while its total portfolio continues to show substantial losses.

According to data tracked by Arkham Intelligence and verified by Blockware Intelligence, the entity acquired 103,911 AVAX tokens and 2.45 million MNT tokens after a purchase of 541,783 SEI on Thursday.

The investment portfolio of WLFI now includes 11 digital assets, namely Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), ENA, MOVE, ONDO, SEI, AVAX, and MNT.

As analyzed by crypto monitoring service Lookonchain, the crypto venture has invested approximately $343 million in these holdings and is currently facing unrealized losses of $118 million.

"Trump's World Liberty bought 103,911 AVAX($2M) and 2.45M MNT($2M) 3 hours ago. In total, WorldLiberty has spent $343M on 11 different tokens - but every single one is in the red, with a total loss of $118M!"

Ethereum stands as the largest position at 58% of the portfolio, and it alone accounts for $88 million in losses.

The latest purchases come after WLFI finalized its $550 million token sale on Wednesday. Eric Trump, the project’s web3 ambassador, signaled future developments after completion of the token offering.

"World Liberty Financial has completed its $550 million token sale. A huge milestone for the project. What's next for World Liberty Financial?"

Recently, World Liberty Financial announced its partnership with the Sui Foundation. The project plans to integrate Sui assets into its strategic token reserve and co-develop products as part of the collaboration.

The post Trump's crypto project buys $2M AVAX and $2M MNT, facing $118M total losses on $343M investments in 11 tokens appeared first on CryptoSlate.