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Highlights
- WLFI sees 21% drop in portfolio value following a market-wide downturn.
- Ethereum (ETH) and Wrapped Bitcoin (WBTC) lead losses, with ETH falling by 24.45%.
- Trump’s personal crypto holdings decline, with a 64% drop in his memecoin’s value.
World Liberty Financial (WLFI), a crypto-focused financial firm linked to Donald Trump, saw a sharp decline in its portfolio over the weekend. From January 19 to January 31, the firm allocated funds across various cryptocurrencies, amounting to significant holdings. However, a 21% depreciation impacted its overall portfolio amid broader market volatility.
Key Holdings Experience Sharp Declines
Ethereum (ETH), WLFI’s largest holding, recorded a 24.45% decline, contributing to a substantial drop in portfolio value. Wrapped Bitcoin (WBTC) also faced downward pressure, declining by 12.07%. Ethena (ENA) registered the steepest drop, with its price falling by 43.72%, further impacting WLFI’s overall position.
Other assets, including TRON (TRX), AAVE, and Chainlink (LINK), also saw declines, compounding losses for the firm. The downturn reflects heightened volatility across the cryptocurrency sector, affecting both major and alternative digital assets.
Trump’s Crypto Portfolio Impacted
Beyond WLFI, Trump’s personal cryptocurrency holdings also experienced a significant downturn. His memecoin, which previously contributed billions to his total digital asset valuation, has dropped by 64% in value since January 20. The decline has reduced the estimated total worth of his cryptocurrency holdings to below previous highs.
Market Conditions Weigh on Digital Assets
The recent slump in the crypto market follows broader trends impacting digital assets. Factors such as shifting regulatory landscapes, market sentiment, and macroeconomic influences continue to shape price movements across major cryptocurrencies. WLFI’s performance reflects the ongoing volatility in the sector as market participants navigate changing conditions.
