According to data from Spot On Chain, the **Trump-backed cryptocurrency** initiative, **WLFI**, has become a focal point in recent market developments. As of February 3rd, this venture has allocated a staggering **$242.77 million** towards its cryptocurrency investments. However, it is currently facing significant **unrealized losses** amounting to over **$51.7 million**, translating to a decline of approximately **21%** in value.
Breaking down the losses by asset, **Ethereum (ETH)** has incurred an unrealized loss of **$36.7 million**, representing a **24.4%** depreciation. Meanwhile, **Bitcoin (BTC)** has not been exempt from market volatility, suffering an unrealized loss of **$8 million** or **12.2%**. Additionally, the asset **ENA** has experienced the most severe downturn, with an unrealized loss of **$2.05 million**, totaling a dramatic drop of **43.7%**. This situation underscores the inherent risks associated with **cryptocurrency investments** in today’s fluctuating financial landscape.
Source: https://en.coinotag.com/breakingnews/wlfis-242-77-million-crypto-investment-faces-over-51-7-million-loss-as-eth-btc-and-ena-struggle/