The cryptocurrency investments of World Liberty Financial reduced 'paper' losses by almost $100 million over the month.
The Trump family's crypto project World Liberty Financial (WLFI) reduced unrealized losses from cryptocurrency investments by 63% over the month. According to Chinese analysts EmberCN, the WLFI portfolio is down $53 million. In mid-April, this figure was about $145 million.
As of now, WLFI has purchased 12 cryptocurrencies: Ethereum (ETH), Wrapped BTC ($WBTC ), Tron (TRX), Chainlink (LINK), Aave (AAVE), Etherna (ENA), Movement (MOVE), Ondo (ONDO), Sei (SEI), Avalanche (AVAX), Mantle (MNT), and EOS (EOS). Notably, the last asset was acquired on May 16, analysts noted. The project spent 2.996 million USDT on 3.636 million EOS.
In total, WLFI spent $347 million on purchasing cryptocurrencies. The total value of these tokens currently stands at $291 million, with a total unrealized loss of $53.07 million.
In mid-April, it was valued at $145 million, but since then it has decreased by 63%. This was largely due to the overall rise in the cryptocurrency market. Over the last 30 days, its total capitalization has increased by 25%.
Meanwhile, Ethereum, which accounts for 59% of the WLFI portfolio, showed the worst results in terms of total losses. The project purchased 67.2 thousand tokens at a price of $3,240. Currently, the asset is trading at around $2,590, making the return on this investment almost -20% (-$43.5 million).
The best result is with the Tron token ($TRX ), which has so far brought WLFI $1.26 million (+12.6%).
In percentage terms, the most profitable asset turned out to be the Sei coin. The project's investments in this cryptocurrency increased by 43.7% ($437 thousand). The worst result is with MOVE — the crypto project has a 'paper' loss of $3.7 million from this token, with a return of -65%.
The MOVE token has depreciated by 24% over the last 30 days. The developers of the Movement Labs project have been embroiled in a series of scandals. On May 15, CoinDesk published documents revealing that the developers promised insiders up to 10% of the tokens bypassing investors.
Previously, Movement Labs found itself at the center of disputes after a deal with the market maker Web3Port, which received 5% of the MOVE offering at the listing and sold them for $38 million. A conflict arose within the project: one of the founders was fired, and another stepped down as CEO. They are now shifting blame for the manipulations onto each other.
