Skip to main content

Market Overview

Want To Copytrade The Trump-Linked World Liberty Financial Portfolio? Don't Be So Sure

Share:
Want To Copytrade The Trump-Linked World Liberty Financial Portfolio? Don't Be So Sure

World Liberty Financial, a decentralized finance venture closely tied to the Trump family, has experienced a rollercoaster with its cryptocurrency investments, reflecting the volatile nature of the market.

The firm, which has garnered attention due to its high-profile endorsement, holds a diverse portfolio of digital assets, with recent market upticks lifting some tokens into positive territory while others continue to struggle.

The portfolio, comprising 10 cryptocurrency assets, has seen four tokens yield gains since their acquisition.

Leading the pack is SEI, which has surged by more than 67%, showcasing strong performance in the recovering crypto landscape.

Other assets posting gains include SUI (CRYPTO: SUI), TRX (CRYPTO: TRX), founded by crypto entrepreneur Justin Sun and WBTC, advised by Sun.

These successes align with a broader market rebound, boosting optimism among investors.

However, not all investments have fared well. MOVE, the portfolio's weakest performer, has plummeted over 70% in value since acquisition.

The token is linked to Movement Labs (CRYPTO: MOVE), a project mired in controversy after a questionable deal with a market maker accused of dumping tokens for profit.

Also Read: Arthur Hayes Predicts Bitcoin To Hit $1 Million By 2028

Allegations of market manipulation surfaced, with industry figure Zaki Manian claiming the deal aimed to artificially inflate the token's value before offloading it to retail investors.

Movement Labs has since parted ways with co-founder Rushi Manche, but the damage to MOVE's value persists.

World Liberty Financial's tokenholders have expressed frustration over their lack of influence, as they are unable to vote on portfolio decisions.

Additionally, an AAVE (CRYPTO: AAVE) instance approved by token holders in December 2024 remains unlaunched, adding to concerns about the firm's operational transparency.

The firm's prominence is amplified by former President Donald Trump's vocal support for cryptocurrencies.

This enthusiasm points to the Trump family's backing of World Liberty Financial, positioning it as a notable player in the crypto space despite its mixed investment outcomes.

Read Next:

Image created using artificial intelligence with Midjourney.

 

Related Articles (SUI)

View Comments and Join the Discussion!

Posted-In: AI Generated decentralized finance Donald Trump World Liberty FinancialCryptocurrency News Top Stories

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com