Donald Trump Tariffs Lead to $50 Million Loss for World Liberty Financial
The post Donald Trump Tariffs Lead to $50 Million Loss for World Liberty Financial appeared on BitcoinEthereumNews.com.
Donald Trump family’s World Liberty Financial faced a loss of more than $50 million today. Major losses come from WLF’s investments in ETH, wBTC, and ENA. Donald Trump new tariff system is shaking global markets. In particular, the crypto market was in a blood bath in the early Asia hours, with BTC and ETH falling above 6% and 20% respectively. With more than $2.2 billion in crypto liquidations in the last 24 hours, the total market cap fell by over 11%. Trump’s tariff system not only tumbled the crypto market but also led to the loss of his family’s World Liberty Financial (WLF) investments. Since its launch, WLF invested in various established cryptocurrencies such as Ether, wrapped Bitcoin, Ethena, Aave, Chainlik, and Tron. Even on the day of Trump’s inauguration as the 47th President, WLF purchased an additional $112.8 million worth of crypto. The total holdings of the project are 54 million USDC, 456.7 wBTC, 19,399 AAVE, 19.3M TRX, 5.8M ENA, 256,315 LINK, 4,747 stETH. As the entire crypto market is down today, WLF’s crypto portfolio lost more than $50 million. Donald Trump Caused $50 Million Loss on WLF Crypto Investment As per the on-chain analytics platform Spot On Chain, World Liberty Financial faced a significant loss following the fall of the crypto market. Its $242.77 million crypto investment made between Jan 19 to 31, decreased by 21% and faced a loss of $51.7 million. While WLF loss totaled $51.7 million, the top three biggest losses were recorded from Ether (-24.4%), wrapped BTC (-12.1%), and Ethena (-43.7%). Donald Trump caused his own crypto project’s loss with his new tariff system, apart from making a huge dent in global financial markets. He even stated that the ‘pain’ from the new tariffs would be “worth the price.” Whether WLF is going to…
Filed under: News - @ February 3, 2025 10:25 am