The Trump Crypto Project WLFI Bought $2 Million Each of AVAX and MNT This Morning

BlockBeats News, March 16th, according to cointelligence, the Trump family-backed DeFi project WLFI added purchases of AVAX and MNT 2 hours ago:

200 million U purchased 103,911 AVAX at a price of $19.25;

200 million U purchased 2.45 million MNT at a price of $0.81.

So far, WLFI's portfolio has spent a total of 340 million U to purchase 11 tokens, currently experiencing an overall unrealized loss of one-third ($115 million): ETH/WBTC/TRX/LINK/AAVE/ENA/MOVE/ONDO/SEI/AVAX/MNT.

It is worth noting that there are multiple tokens in its portfolio that are "carried" by WLFI. This means the project team subscribes to WLFI, and then WLFI's portfolio purchases the project's tokens.

The entire portfolio is over half ETH (58%), with a single ETH losing $88 million.