https://x.com/spotonchain/status/1897411965397737856
Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!
In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:
• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439
3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361
Obsidian - I am still trying to figure you out. One the one hand you are obviously smart. On the other, you are also very naive (or you are just trolling?). Either way, I am here to help with a dose of reality. I genuinely want to help and take not pleasure in watching these continued losses you are incurring. May I ask - genuinely curious - how old you are?
I hope I at least deterred you from the Trump and Melania coins? Please tell me you at least followed my advice on these?
As for the "Donald Trump's World Liberty Financial", I have tried to explain this before, but it really almost nothing to do with Trump other than claiming an association with him and some of his children. If your investment thesis is "buy what this is fund is buying as they have inside knowledge due to connections with Trump", please reconsider that immediately. Indeed, you just saw what happened with the BITCOIN strategic reserve, and how shitcoins will be distinguished (basically any seized shitcoin can be sold off, with that money used to buy BTC for the reserve).
The market cap of this fund, managed by absolute morons, has now fallen from USD 400m to now just USD 70m (actually now even less than my net worth - not my BTC worth, but my total net assets). 80m is miniscule, for any type of fund - its an irrelevant blip. (And of that 80m, the bulk of it comes from Justin Sun - the genius who bought that banana for 6m and ate it - which maybe explains why around 12% of the fund is Tron).
The Trump thing, and the "building the defi of the future" etc is close to a scam, intended to suck in fools. They obviously have NO IDEA at all what they are doing. For example, their largest holding was ETH (and in just around 6 weeks they have managed to lose 40% of the value of that ETH in USD, and clearly those losses will grow, for obvious reasons).
Looking at what they are investing in, and their timing etc, is basically similar to how a school-boy dgen might be engaging in shitcoinery for the first time, before learning his lesson, absent the pure memes. But it is really, a total embarrassment and an appalling performance.
Of that 70 left, around 2m a year is likely to be being spent on wages, trading fees, compliance costs, etc. I am not sure how they then calculate any profit for the fund managers, but say their "management fee" is 2%pa, that amounts to $1.4m (meaning a total extraction from the NAV of the fund at around 4% a year). So divide that management fee among the founders, give Trump his cut for allowing Trump name to be used, and you can see this is literally irrelevant, on almost all levels.
Here is what I would do if you were you. Bite the bullet, man up, and sell 50% of you Eth now. Put it into BTC. If Eth keeps falling, and if you really love it so much, you can buy it back even cheaper. In the meantime you have some of your wealth in the only global digital commodity - Bitcoin.
