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Analysis: If WLFIs purchased assets were not sold, the portfolio would have recovered its $157 million loss in April
Odaily News According to on-chain analyst Yu Jin, if the Trump familys crypto project WLFI did not sell the purchased assets as it said, then their investment portfolio, which lost $157 million in April, has now recovered. Since December last year, WLFI has spent a total of 352 million U on the chain to purchase 12 assets, mainly ETH, accounting for more than 60%.
In April, ETH fell below $1,500, and their investment portfolio, which was mostly comprised of ETH, suffered a paper loss of up to $157 million.
WLFI later transferred most of the purchased assets to Coinbase Prime. They tweeted that they would not sell them, but since they were transferred to the exchange, we have no way of knowing whether they really did not sell them or not.
But if they really didnt sell, then the investment portfolio would have recovered its investment now.
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