#Trump Family's Crypto Project Suffers Losses#
Hot Topic Overview
Overview
The Trump family's crypto project, WLFI, has spent a total of $222.9 million on seven cryptocurrencies since its launch, and is currently experiencing a loss of $2.67 million. The project has recently been steadily increasing its holdings of cryptocurrencies, including ETH, WBTC, TRX, AAVE, ENA, and LINK, and has exchanged some of its ETH for stETH, which it has staked on Lido. Despite the project's continuous investments, the overall project is currently in a loss-making state, and its future outlook is uncertain.
Ace Hot Topic Analysis
Analysis
The Trump family's crypto project WLFI has been making a lot of moves recently, spending over $222.9 million on 7 tokens in the past few days, including ETH, WBTC, TRX, AAVE, ENA, and LINK. Of this, WLFI invested $99.95 million in ETH, $47 million in WBTC, and added 1,080,900 TRX, worth $2.62 million. Additionally, WLFI converted 5,252 ETH to stETH and staked it on Lido. Despite this, WLFI is currently in a loss-making position, with an accumulated loss of $2.67 million. Notably, WLFI has expanded its position on all its existing holdings, excluding ONDO. Currently, WLFI's investment strategy and future direction remain unclear, and its investment activities have attracted market attention and discussion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump family's crypto project WLFI invested heavily, but currently has a floating loss of $2.67 million
WLFI continues to increase its holdings of various cryptocurrencies, including ETH, WBTC, TRX, etc.
WLFI exchanged some ETH for stETH and staked it on Lido to seek returns
WLFI is making large-scale increases in its holdings of TRX, indicating its confidence in TRX