Bitcoin and altcoins experienced sharp declines after US President Donald Trump imposed new tariffs on Canada, Mexico and China.
While this decline negatively affected all investors, Trump and his family's cryptocurrency project World Liberty Financial also suffered a loss of approximately $51.7 million from this decline.
The crypto portfolio of the Trump family’s DeFi project World Liberty Financial (WLFI) has fallen by over 21% following market reactions to new tariffs in the US, analytics platform Spot On Chain has reported.
WLFI invested approximately $242.77 million across multiple assets between Jan. 19 and Jan. 31. However, this acquisition faced a massive loss of $51.7 million.
According to the data, WLFI experienced the biggest losses on Ethereum, WBTC, and Ethena, with losses of $36.7 million (-24.4%) in ETH, $8 million (-12.1%) in WBTC, and $2.05 million (-43.7%) in ENA.
WLFI had previously purchased altcoins ENA, LINK, AAVE, Tron (TRX), and MOVE, in addition to Ethereum and WBTC.
World Liberty Financial’s $242.77M crypto investment made between Jan 19 and 31 is now down over $51.7M (-21%) after Trump’s new tariffs rattled the markets!
Their top 3 biggest losses include:
• $ETH: -$36.7M (-24.4%)
• $WBTC: -$8M (-12.1%)
• $ENA: -$2.05M (-43.7%)Trump… https://t.co/5BxSnpAubl pic.twitter.com/7B45g73oLl
— Spot On Chain (@spotonchain) February 3, 2025
*This is not investment advice.
