According to COINOTAG News on January 21st, recent data from Cinder reveals that the decentralized finance (DeFi) initiative World Liberty Financial (WLFI), backed by the Trump family, has made significant strides in its investment strategy. In a rapid 11-hour period, WLFI has allocated approximately $112.8 million towards acquiring a diversified portfolio of cryptocurrencies, including ETH, WBTC, AAVE, LINK, TRX, among several others.
Notably, both ETH and WBTC saw substantial allocations of $47 million each, aligning with the numeral significance associated with the Trump administration’s 47th presidency. Furthermore, WLFI has strategically opted for TRX in this round of purchases, moving away from ONDO. This latest investment cycle has escalated WLFI’s total cryptocurrency spend to $220 million, reflecting a current unrealized loss of $9.4 million on its holdings.