The crypto project, supported by US President Donald Trump, has acquired another series of digital assets of several millions of dollars, according to data on chains.
According to blockchain tracking firm LookonchainWorld Liberty Financial (WLFI) bought about $ 2 million from Avalanche (Avax) and Mantle (MNT).
Avalanche is a Layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum Layer-2 scale solution.
Lookonchain, however, notes that the WLFI portfolio, which includes more than 11 crypto assets, loses almost $ 120 million on each token.
‘Trump’s World Liberty [Financial] bought 103,911 Avax ($ 2 million) and 2.45 million mnt ($ 2 million) …
In total, World Liberty has spent $ 343 million on 11 different tokens – but everyone is in red, with a total loss of $ 118 million! “
At the time of writing, Avax acts at $ 18.35, while MNT is priced at $ 0.826.
In addition to the private collection of digital assets via WLFI, President Trump has also proposed the US to create its own national crypto-strategic reserve from Bitcoin (BTC) and various large cap-altcoins.
Trump’s first confirmation of the crypto reserve led to an increase of $ 100 billion in the global crypto market, which was ultimately short-lived.
Trump formed the reserve as a reaction to what he called ‘corrupt attacks’ by the Crypto industry by the Biden administration, and emphasized his goal to make the US the ‘Crypto capital of the world’.
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