#Trump Family's Cryptocurrency Project Suffers Losses#
Hot Topic Overview
Overview
The Trump family crypto project WLFI has been continuously investing funds recently, spending a total of $222.9 million to buy 7 tokens, including ETH, WBTC, TRX, AAVE, ENA and LINK. Despite the project's continuous increase in holdings, WLFI's investment portfolio currently has a floating loss of $2.67 million, including converting 5252 ETH to stETH and staking it on Lido, as well as increasing its holdings of 10.809 million TRX.
Ace Hot Topic Analysis
Analysis
The Trump family's crypto project, WLFI, has invested $222.9 million in seven cryptocurrencies since its inception, but is currently down $2.67 million. The project has spent $168.4 million in the past three days buying six tokens, including ETH, WBTC, TRX, AAVE, ENA, and LINK, and has expanded all of its existing positions except for ONDO. In addition, the project has exchanged 5,252 ETH for stETH and staked it on Lido, and has increased its holdings of TRX by 10.8 million, worth $2.62 million. Although the project has invested heavily in the crypto market, it is currently in a loss-making position, and its future development remains uncertain.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family crypto project WLFI investment is huge, spending a total of $222.9 million to buy 7 tokens.
WLFI has recently continued to increase its holdings of various cryptocurrencies, including ETH, WBTC, TRX, etc., and expanded its existing positions.
WLFI is currently in a floating loss, with a loss of $2.67 million.
WLFI may be seeking higher yields by exchanging some ETH for stETH and staking it on Lido.