Trump-backed WLFI lost $51.77M as crypto crashed, while his memecoin tanked 64%, wiping billions—analysts blame tariffs and market hype.
World Liberty Financial, Inc. (WLFI), the crypto investment firm endorsed by Donald Trump, was among those that suffered most from the market crash. Between January 19 and 31, WLFI had invested $242.77 million in several cryptocurrencies, the value of which decreased by 21%. That means a loss of $51.77 million to the firm, with major holdings such as Ethereum (ETH) and Wrapped Bitcoin (WBTC) being badly affected.ETH, the company’s largest investment, was down 24.45% and shed $36.67 million, while WBTC suffered a 12.07% decline that took more than $8.07 million off its value. Ethena, with a plunge of 43.72%, was the worst performer and burned more than $2 million. Other big losers were TRON (TRX), AAVE, and Chainlink’s LINK.
Not even Trump’s personal crypto portfolio could avoid the bloodbath of carnage: his very memecoin, once heaping $55 billion onto the net worth he had, fell 64% since January 20, pulling $35 billion off its market value. He gave crypto too, after falling below the $5-million mark-while most of that is made out of memecoins.
Analysts are pointing fingers at the newly imposed tariffs by Trump, which could have contributed to the market downturn and wiped out almost $500 billion in value. According to some, the crash was inevitable due to an overheated market, but the tariffs might have accelerated the collapse.
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