Trump-backed World Liberty Financial buys AVAX and MNT for $4M as total portfolio losses reach $118M

World Liberty Financial (WLFI), the DeFi project backed by the Trump family, on Saturday purchased $2 million each of Avalanche (AVAX) and Mantle (MNT) tokens, while its total portfolio continues to show substantial losses.

According to data tracked by Arkham Intelligence, the entity acquired 103,911 AVAX tokens and 2.45 million MNT tokens after a purchase of 541,783 SEI on Thursday.

WLFIs investment portfolio now includes 11 digital assets, including Ethereum, Wrapped Bitcoin, Tron, Chainlink, Aave, ENA, MOVE, ONDO, SEI, AVAX, and MNT.

As analyzed by Lookonchain, the crypto venture has invested approximately $343 million in these holdings and is currently facing unrealized losses of $118 million.

Trump's World Liberty(@worldlibertyfi) bought 103,911 $AVAX($2M) and 2.45M $MNT($2M) 3 hours ago.

In total, #WorldLiberty has spent $343M on 11 different tokens—but every single one is in the red, with a total loss of $118M!

— Lookonchain (@lookonchain) March 16, 2025

Ethereum represents the largest position at 58% of the portfolio, accounting for $88 million in losses.

The latest purchases came after WLFI finalized its $550 million token sale on Wednesday. Eric Trump, the projects web3 ambassador, signaled future developments after completion.

.@worldlibertyfi is just getting started

— Eric Trump (@EricTrump) March 14, 2025

Recently, World Liberty Financial announced its partnership with the Sui Foundation. The project plans to integrate Sui assets into its strategic token reserve and co-develop products as part of the collaboration.

According to recent reports from the Wall Street Journal and Bloomberg, World Liberty Financial has been involved in discussions with Binance about potential business ventures, including the development of a stablecoin.

However, both WLFI and Binance CEO Changpeng Zhao have denied any concrete business deals or discussions about acquiring a stake in Binance, labeling these reports as politically motivated and baseless.