World Liberty Financial, a crypto-focused investment firm backed by Donald Trump, is facing significant losses in its cryptocurrency portfolio. According to blockchain analytics platform SpotOnChain, the firm invested $242.77 million in various digital assets between January 19 and January 31, 2024. However, the portfolio has since plummeted by over 21%, resulting in a staggering $51.77 million in unrealized losses.
Massive Losses Across Key Assets
The firm’s biggest holdings, Ethereum (ETH), Wrapped Bitcoin (WBTC), and Ethena (ENA), have suffered sharp declines, dragging down the portfolio’s overall value.
| Token | Accumulation (Tokens) | Total USD Spent | Avg. Buy Price | Current Price | PnL (USD) | PnL (%) |
|---|---|---|---|---|---|---|
| ETH | 45,405 | $149.95M | $3,303 | $2,495 | – $36.67M | -24.45% |
| WBTC | 629.095 | $66.84M | $106,248 | $93,426 | – $8.07M | -12.07% |
| TRX | 40,718,118 | $10.00M | $0.246 | $0.209 | – $1.48M | -14.78% |
| AAVE | 13,261 | $4.70M | $354.42 | $227.76 | – $1.68M | -35.74% |
| ENA | 5,037,299 | $4.70M | $0.933 | $0.525 | – $2.05M | -43.72% |
| LINK | 177,928 | $4.70M | $26.415 | $18.42 | – $1.42M | -30.27% |
| MOVE | 2,397,674 | $1.88M | $0.784 | $0.617 | – $401K | -21.36% |
Ethereum and Wrapped Bitcoin Take the Hardest Hit
- Ethereum (ETH), the firm’s largest holding, lost 24.45% of its value, dropping from an average buy price of $3,303 to $2,495, resulting in a $36.67 million loss.
- Wrapped Bitcoin (WBTC), the second-largest asset in the portfolio, has declined by 12.07%, leading to a loss of $8.07 million.
- TRON (TRX) and AAVE have also seen double-digit losses, further worsening the portfolio’s performance.
ENA Suffers the Largest Percentage Drop
Among all investments, Ethena (ENA) has experienced the steepest decline, falling 43.72% from $0.933 to $0.525. The firm’s $4.7 million investment in ENA has lost over $2 million in value, raising concerns about overexposure to volatile assets.
World Liberty Financial’s recent crypto losses highlight the unpredictable nature of the crypto market. Despite backing from the Trump family and a diversified portfolio, sharp market downturns impacted even top cryptocurrencies. While short-term losses are significant, the quick bullish rebound hints at potential recovery.
