Key Takeaways
- Trump family-backed WLFI continues its crypto buying spree despite a $100 million investment loss.
- WLFI recently purchased $3 million worth of MNT tokens.
- The Trump-affiliated project has a $550 million war chest for crypto investments.
WLFI, the Trump family-backed decentralized finance (DeFi) project, is pressing ahead with its aggressive altcoin accumulation despite a brutal market downturn that has left it nursing losses in the hundreds of millions.
The project recently raised $550 million by selling 24.93 billion WLFI tokens and is using a significant portion of the proceeds to build its “Macro Strategy” crypto reserve.
Its latest purchase: $3 million worth of Mantle Network (MNT) tokens.
WLFI Pours Millions in Mantle
According to on-chain data, WLFI acquired 3.54 million MNT on March 24 at an average price of about $0.84 per token.
The purchase adds to its expanding list of investments, which now includes Ethereum (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), BlueMove (MOVE), Ondo (ONDO), Sei (SEI), Avalanche (AVAX), and now Mantle (MNT).
Despite these acquisitions, the project’s portfolio has taken a substantial hit.
WLFI has spent roughly $340 million on crypto investments, but with the market’s persistent downturn, its losses have ballooned to about $109 million.
Crypto Market Struggles Under Trump-Era Policies
Since Donald Trump returned to the White House on Jan. 20, the crypto market has defied expectations. Many had speculated that his pro-crypto stance would fuel a Bitcoin (BTC) rally, but the reality has been starkly different.
Bitcoin and most major altcoins have plunged more than 30% since his inauguration, facing relentless bearish pressure.
Analysts attribute this decline largely to macroeconomic factors shaped by Trump’s policies—ranging from tariffs and trade tensions to regulatory uncertainty surrounding AI and digital assets.
WLFI Doubles Down on Crypto, Defying Market Sentiment
Despite the prolonged downturn, WLFI has refused to slow its buying spree. It continues to scoop up altcoins even as institutional players like Strategy have scaled back their Bitcoin purchases.
Eric Trump has repeatedly urged his followers to “buy the dip” on social media—only for prices to sink even lower.
The market slump has also divided analysts.
CryptoQuant’s CEO recently warned that the bull market is effectively over based on on-chain data.
Meanwhile, Arthur Hayes, who correctly called Bitcoin’s decline from its $100,000 peak, believes BTC has already bottomed out and could rebound at any moment.
With key inflation data set for release later this week and historical crypto market cycles hinting at a potential recovery, all eyes are on whether Bitcoin can mount a comeback—or if WLFI’s bet on altcoins will only deepen its losses.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
