The recent decline in the cryptocurrency market has caused losses on large purchases made by the World Liberty fund, which is said to be affiliated with Trump.
The fund's recent investments in cryptocurrencies such as Ethereum (ETH), Wrapped Bitcoin (WBTC), AAVE, Chainlink (LINK), ENA and ONDO recorded a total loss of $6.15 million.
The biggest loss came from Ethereum investments, with around $4.86 million. While the purchase price of ETH was set at $3,682, its value dropped significantly after the market crash. Other assets also experienced similar losses, and the fund’s total investment took a serious hit with the market value falling.
These purchases by the World Liberty fund were made before the crypto market crash. However, the selling pressure and value loss observed in the market in general increased the fund's loss. Experts emphasize that such large-scale investments are sensitive to market volatility and risk management is critical in such losses.
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