Trump-Backed World Liberty Financial Faces Heavy Losses Amid Market Turmoil
The latest tariff announcement from ex-President Donald Trump sent shockwaves through the cryptocurrency market and across various financial platforms. World Liberty Financial—a fund focused on crypto that happens to be backed by Trump—was one of the most prominent casualties of this downturn, suffering a 21% decline on its $242.77 million investment made between January 19 and 31, according to the on-chain analytics platform SpotOnChain. Portfolio Suffers Major Losses The value erosion of the fund's portfolio has been substantial, with some of its largest positions taking a severe beating. Among the largest losses: Ethereum (ETH): Declined $36.7 million (-24.4%) Wrapped Bitcoin (WBTC): Declined $8 million (-12.1%) Ethena (ENA): Declined $2.05 million (-43.7%) https://twitter.com/spotonchain/status/1886241918214181302?t=W_CQlYY6Byje3MxueChuGA&s=19 The sell-off in the market is broader and sharper than anything we've seen in recent months. It has undoubtedly been triggered by the new tariff policies. As our […]