Trump-endorsed World Liberty Financial (WLFI) added 3.54 million Mantle (MNT) to its cryptocurrency holdings on March 23rd

The entity's wallet also holds ETH, TRON, AVAX, and MOVE, among others. It looks like someone is stacking.

World Liberty Financial (WLFI), the Trump-endorsed crypto project, has added 3.54 million Mantle (MNT) to its cryptocurrency holdings, according to data tracked by Arkham Intelligence.

The entity’s wallet also holds ETH, TRON, AVAX, and MOVE, among others. It looks like someone is stacking.

The entity currently holds eleven digital assets in its wallet, including Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), MOVE (MOVE), Ondo (ONDO), Sei (SEI), Avalanche (AVAX), and MNT.

Long Crypto!

The latest MNT purchase brings WLFI’s total holdings to 5.99 million MNT, which are worth over $5 million at current market prices.

Last week, the DeFi project acquired 2.45 million MNT tokens and 103,911 AVAX tokens.

Diversifying its crypto holdings across various blockchain projects is a way for the project to mitigate market volatility. Plus, the project also wants to invest in innovative DeFi projects to support the development of DeFi and capitalize on business opportunities.

. @elonmusk's crypto project has been adding more Mantle to its wallet.

The entity, which is likely World Liberty Financial (WLFI), has acquired 1.09 billion MNT in the past seven days. It now holds 5.99 million MNT, worth over $5.11 million.

The entity's wallet also holds ETH, TRON, AVAX, and MOVE, among others. It looks like someone is stacking. pic.twitter.com/bR8m77iYc8

— Arkham (@ArkhamIntelligence) March 23, 2024

According to Lookonchain data, ETH is the dominant asset in WLFI’s portfolio, amounting to approximately $134 million, while WBTC contributes an additional $69.5 million.

The team’s ETH holdings have also incurred the heaviest unrealized losses, summing up to $85 million at press time. Overall, WLFI’s total portfolio losses have surpassed $111 million.

However, MNT and AVAX, the most recently added cryptocurrencies, are the only holdings reporting unrealized profits, with a combined gain of over $113,800.

Earlier this month, WLFI formed a strategic collaboration with Sui, the prominent Layer-1 blockchain. The move will see the integration of Sui’s technology and assets into WLFI’s ecosystem while exploring opportunities to build next-gen blockchain applications, specifically targeting decentralized finance (DeFi).

As part of the partnership, the project will soon add Sui tokens to its “Macro Strategy” reserve, which includes BTC, ETH, TRX, LINK, and ONDO tokens.

The project has also already established relationships with blockchain protocols and institutions, including Ondo Finance, Ethena, Chainlink, and Aave.

WLFI Completes $550 Million Token Sale

Following the launch of its WLFI token last October, and after raising $300 million from a token sale earlier this year, World Liberty Financial announced on Friday that it had successfully completed two token sales, raising a total of $550 million.

The first set of sales, which began in January, sold $300 million of WLFI tokens and drew the participation of over 85,000 individuals who completed the mandatory Know Your Customer (KYC) process to verify their eligibility.

The completion of the token sales comes after a rocky start saw the project reduce its fundraising goal and adjust its strategy to stay afloat amidst market volatility and technical hitches.

Initially, WLFI aimed to raise $3 billion by selling 300 billion tokens at a price of $0.01, but the project faced challenges in meeting its original target.

The project once again set a goal of $30 billion, but later slashed it to $300 million after technical issues, regulatory restrictions, and low investor confidence limited sales to only $11–12 million.

Sales began to surge following Donald Trump’s election win and the launch of the Official Trump (TRUMP) token, which quickly gained attention and sold out within 24 hours.

In January, WLFI announced the issuance of an additional 5 billion tokens due to increased investor demand. These tokens were sold at an increased price of $0.05, up from the previous offering price of $0.015.

Inspired by Trump and backed by the Trump family, WLFI launched with the goal of offering transparent, accessible, and secure financial solutions. It aims to democratize access to DeFi by creating user-friendly tools.

In a message celebrating the success of the token sales, Zach Witkoff, WL