WLFI, Backed by the Trump Family, Increases Holdings by 3.54 Million MNT Tokens, Potential Total Loss Approaching $110 Million

On-chain data analyst Yu Jin stated on Monday that the decentralized finance project World Liberty Financial (WLFI), supported by the Trump family, spent $3 million this morning to purchase 3.539 million MNT tokens at a buying price of $0.84.

So far, WLFI has spent a total of $343 million to acquire 11 types of tokens, including Ethereum (ETH), Wrapped Bitcoin (WBTC), TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT. If the WLFI team has not sold any of these tokens, their unrealized losses on the portfolio have reached $109 million.

Yu Jin added that among these 11 tokens, some are mutually “lifting each other up,” meaning that the project parties purchase WLFI, and then the WLFI portfolio buys the project’s tokens.

According to a previous report from Zombit, the WLFI team concluded its token sale in the middle of this month, successfully raising approximately $590 million, placing WLFI among the top ten token sales in history.