World Liberty Financial (Wlfi), the crypto project by US President Donald Trump and his family, once again made a major investment in an altcoin.
Although Wlfi already Millions of losses has suffered with previous investments, the project seems to buy continuously old coins.
World Liberty Financial invested in SeS
Loud Data from Arkham Intelligence Wlfi recently has $ 775,000 in cryptocurrency. The transaction took place on April 12 via a wallet that Wlfi had already used for previous old coin purchases.
Since April 12, the course of SAS has increased by almost 15 percent. In the past seven days, the value of cryptocurrency has increased a total of 25 percent.
Wlfi has now invested around $ 346.8 million in eleven different cryptocurrencies. In addition to being, this includes Bitcoin (BTC), Ethereum (ETH) and Tron (TRX).
Trump loses $ 145 million from crypto investments
Loud Data from Lookonchain So far, Wlfi has only made losses with its investments. In fact, all eleven investments are currently in the minus.
On April 12, the total loss, according to the Lookonchain, was over $ 145 million.
Wlfi is currently the greatest loss with Ethereum. With a current price of $ 1,642, there is a loss of more than $ 109 million.
This development is particularly remarkable because Eric Trump, the son of Donald Trump, Ethereum last month actively advertised had. In February he publicly said that it was an “excellent time” to buy Ethereum – but since then the course has fallen by 50 percent.
Trump’s StableCoin USD1 is criticized
Despite the significant losses, Wlfi is actively working on new projects. The StableCoin USD1 was introduced, which is now available on Coinbase and Binance.
The introduction of stablecoin coincides with a phase of regulatory changes for stable coins in the USA.
The US President is now faced with criticism about his participation in USD1. He is accused of wanting to benefit personally from changes in the law through these activities.
These conflicts of interest are worrying, says Maxime Waters, MP from California. In her view, it is Trump’s goal to ultimately completely replace the US dollar with stable coins:
“And with which currency you believe, Trump will replace the dollar? Of course with his own”, so water.