Trump’s WLFI tripled Ether holdings in a week amid market downturn

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Coin Telegraph 21h ago

Trump’s WLFI tripled Ether holdings in a week amid market downturn - Coin Telegraph

Quick Summary:

Trump’s DeFi platform is currently sitting on a total unrealized loss of over $89 million across its holdings.

Ether is currently the largest holding of WLFI, followed by $14.9 million worth of WBTC and $13.2 million worth of the USDt (USDT) stablecoin.

The dip buying came during a period of heightened market volatility and investor concerns, driven by both macroeconomic concerns and crypto-specific events, including the $1.4 billion Bybit hack on Feb.21, the largest exploit in crypto history.