World Liberty Financial nears WLFI token presale goal with $2M left
World Liberty Financial nears WLFI token presale goal with $2M left
World Liberty Financial (WLFI), the Trump family-backed fund, is nearing the completion of its WLFI token presale but faces significant losses in its portfolio after the recent Ethereum (ETH) price crash.
Key Takeaways
- WLFI is close to completing its second presale, needing just $2M to finish.
- The fund lost up to $110M, mainly from a drop in Ethereum (ETH), which makes up 65% of its holdings.
- WLFI has shifted assets like Ondo (ONDO) and Chainlink (LINK) to focus on passive income through Aave vaults.
The fund, which had previously placed 25 billion tokens for $0.015, now has just over 40 million tokens left for sale at $0.05, with only $2 million needed to close the presale's second stage. Despite the milestone, the fund has seen its value decrease dramatically, with losses reaching up to $110 million from its peak.
Portfolio adjustments and Ethereum losses
A major contributor to these losses is Ethereum, which comprises over 65% of WLFI's holdings. The fund holds over 7,500 ETH, currently valued at approximately $14 million. However, Ethereum’s recent plunge below $2,000 resulted in a 9% loss, reflecting the challenges faced by the fund. Despite these setbacks, WLFI remains focused on its strategy of passive income generation through crypto lending, with plans to launch an Aave vault to secure collateral for future returns.
ETH price. Source: CoinGecko.
In addition to its ongoing presale and portfolio adjustments, World Liberty Financial (WLFI) has entered into a partnership with SUI, a move aimed at further expanding its presence in the cryptocurrency space. This collaboration is expected to enhance WLFI's ability to diversify its holdings and tap into new growth opportunities, as the fund explores innovative strategies to adapt to the volatile crypto market. By aligning with SUI, WLFI strengthens its position as a key player in the evolving landscape of digital assets, positioning itself for potential long-term growth.
As WLFI enters its final presale stage, the fund continues to adjust its portfolio, moving assets such as Ondo (ONDO) and Chainlink (LINK) to reduce exposure to certain tokens. The next phase will focus on strengthening the fund's position within the DeFi ecosystem, but the future of WLFI’s token and its use in crypto lending remains uncertain until the presale concludes.
