Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The Decline Also Hit Donald Trump: All 6 Altcoins He Bought Suffered Major Decline

The Decline Also Hit Donald Trump: All 6 Altcoins He Bought Suffered Major Decline

BitcoinsistemiBitcoinsistemi2024/12/20 17:11
By:Mete Demiralp

US President Donald Trump's cryptocurrency project, World Liberty Financial, suffered losses in the altcoins it purchased.

Following the decline in the cryptocurrency market, the latest status of the wallet of Donald Trump's cryptocurrency project, World Liberty Financial, which purchased a large amount of altcoins before the decline, is being wondered.

With the market falling, the project’s recently acquired Ethereum (ETH), Wrapped Bitcoin (WBTC), Aave (AAVE), Chainlink (LINK), Ethena (ENA) and Ondo Finance (ONDO) altcoins have all slipped into the red zone. With the latest data, the platform’s total loss amount was measured at $6.15 million.

Interestingly, however, the biggest loss was in Ethereum due to the amount of investment, with the project losing a total of $4.86 million in ETH.

Here is the amount World Liberty Financial paid for the altcoins it purchased and their current value:

  • Ethereum – $32.5 million; $4.8 million loss
  • Wrapped Bitcoin – $10 million; $417k loss
  • Aave – $2 million; $296k loss
  • Chainlink – $2 million; $421k loss
  • Ethena – $750k; $105k loss
  • Ondo Finance – $250k; $48k loss

The platform purchased the ETH in question at an average price of $3,682.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

KOMAUSDT now launched for futures trading and trading bots

Bitget has launched KOMAUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on December 23, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. KOMAUSDT-M perpetual futures: Parameters Details Listing

Bitget Announcement2024/12/23 03:11