Trump's Crypto Project Buys AVAX and an Altcoin, Price Rises Sharply! - Coin Newsletter

World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family, has added Avalanche (AVAX) and Mantle (MNT) to its portfolio, spending a total of $4 million.

World Liberty Financial, a DeFi project backed by U.S. President Donald Trump, has come to the fore again with new token purchases. According to information shared by on-chain data platform EmberCN, WLFI bought 103,911 Avalanche (AVAX) for $2 million and 2,450,000 Mantle (MNT)** for $2 million two hours ago.

With the recent purchases, WLFI has increased the total number of tokens in its portfolio to 11. The total amount of investment made by the project so far has reached approximately 340 million dollars. However, despite the high investment amount, the project has now lost approximately 115 million dollars.

World Liberty Financial's portfolio includes tokens such as Ethereum (ETH), Wrapped Bitcoin (WBTC), TRON (TRX), Chainlink (LINK), AAVE, Ethena (ENA), Movement (MOVE), ONDO, SEI**, as well as the recently added AVAX and MNT. However, this diversity has not prevented the damage. ETH, which accounts for more than half of the portfolio ( 58)% alone, was the biggest loser for WLFI, with a loss of around $88 million.

On the other hand, as EmberCN highlighted, some of the tokens in the WLFI portfolio have a mutual investment relationship with the project. This situation is thought to be one of the factors that increase the damage.

According to data from CoinGecko, AVAX is trading at $18.2 at the time of writing. MNT, on the other hand, rose more than 10% after the purchase by Trump, reaching 0.82 dollars.