Trump-Family Backed WLFI Boosts MNT Holdings with $3 Million Purchase Amid Market Challenges

On March 24th, COINOTAG reported a significant transaction in the decentralized finance (DeFi) space involving the project WLFI, backed by the Trump family. According to prominent on-chain data analyst Yu Jin, WLFI executed a strategic purchase of 353.9 thousand MNT for a total of $3 million, acquiring these tokens at an average price of $0.84. This move adds to WLFI’s extensive portfolio, which has seen a cumulative investment of $3.43 billion across 11 various tokens. Despite this considerable allocation, WLFI faces a challenging market scenario, currently grappling with an unrealized loss nearing one-third of its investments, approximated at $1.09 billion. As the crypto landscape evolves, such financial maneuvers highlight the risks and volatility inherent in the DeFi sector, making it essential for investors to stay informed and prudent amid market fluctuations.