Emre Yumlu 
According to Arkham’s data, Trump-backed World Liberty Financial (WLFI) has made a surprise investment of $3 million in an altcoin. Which altcoin is it?
World Liberty Financial Purchases 3.54 Million MNT Tokens After Mantle Hard Fork
World Liberty Financial (WLFI), a DeFi project supported by Donald Trump’s family, purchased 3.54 million MNT tokens for approximately $3 million following a major technological upgrade to the Mantle network. This strategic move raised WLFI’s total token assets to over $340 million.
MNT tokens are the native cryptocurrency of the Mantle network, which underwent an update to integrate EigenDA technology, aimed at enhancing compatibility with Ethereum. This crucial integration increased the scalability of the Mantle Network, allowing for greater transaction capacity. With this update, the Mantle network is now capable of processing transactions faster and more efficiently, providing users with more extensive opportunities.
After this innovative upgrade, WLFI invested $3 million to purchase 3.54 million MNT tokens at an average price of $0.84. This acquisition aims to diversify WLFI’s digital assets and contribute to the project’s growth and value appreciation.
WLFI’s Digital Asset Investments and Challenges
WLFI has made significant investments not only in Mantle but also in other cryptocurrencies. By investing in large projects such as ETH, WBTC, TRX, LINK, and AVAX, WLFI has built a digital asset portfolio worth over $343 million. These investments demonstrate WLFI’s long-term strategy in the digital asset space and its strong confidence in the growth potential of this market.
However, WLFI also faces challenges. The company is currently experiencing an overall unrealized loss of approximately $109 million. Nevertheless, WLFI continues to maintain its belief in the long-term potential of digital assets. Despite these losses, the company remains committed to its strategy and aims to target long-term growth opportunities in the crypto market. This approach can be seen as a bet on the future value increase of digital assets.
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