Analysis: If WLFI had not sold the previously purchased crypto assets, its $157 million loss in April should have been recovered

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According to ChainCatcher, based on the analysis by blockchain analyst Yu Jin, if the Trump family's crypto project WLFI has not sold the assets they purchased as they claim, their investment portfolio, which was at a loss of $157 million in April, has now broken even. Since December last year, WLFI has spent a total of 352 million USDT on 12 assets on-chain, primarily ETH, accounting for over 60%.

In April, when ETH dropped below $1,500, their ETH-dominated investment portfolio was experiencing an unrealized loss of $157 million.

WLFI later transferred most of the purchased assets to Coinbase Prime. While they tweeted that they would not sell, transferring the assets to an exchange means we cannot definitively know whether they truly have not sold or not.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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