Trump’s New Import Tariffs Wipe $51.7M from WLFI’s Portfolio

Highlights:

• WLFI has suffered a devastating $51.7 million loss as a possible impact of the newly announced import tariffs.
• Among crypto assets in WLFI’s portfolio, ENA suffered the highest, followed by ETH and WLFI.
• As a result of the declines, the investment firm’s entire valuation dropped to about $347 million.

United States President Donald Trump is grabbing headlines courtesy of his new import tariffs. Announcing the new tariffs as part of debt deficit resuscitation efforts has left the United States economic landscape, which includes the crypto space, in turmoil. According to the latest report from the renowned on-chain tracker Spotonchain, Trump’s family-backed crypto investment firm, World Liberty Financial (WLFI), has suffered a significant hit following the new tariffs.

As usual, Spotonchain shared the devastating impacts of the new import tax in one of its tweets, which has gained considerable traction. In the X post, the on-chain tracker stated, “World Liberty Financial’s $242.77 million crypto investment made between Jan 19 and 31 is now down over $51.7M (-21%) after Trump’s new tariffs rattled the markets!”

It is worth noting that the United States president announced the new tariff plans on February 1. The import tax, which will take effect from Tuesday, entails a 25% tariff on goods and services from Mexico and Canada. Chinese goods also received a share of the importation levy with a fresh 10% tariff placed on goods from the Asian nation.

White House slaps 25% tariffs on Canada & Mexico imports

Inflation surged by 1% in just 2 days, markets are dumping

Institutional investors are increasingly allocating to crypto

Here's what happens to world economy and list of 100x alts👇🧵 pic.twitter.com/1S0JM5lum5

— Leviathan (@TechLeviathan) February 2, 2025

ENA Records Worst Declines

Still, in the same tweet, Spotonchain highlighted the crypto assets in WLFI’s portfolio that suffered the most losses. Ranking in the top three included Ethereum (ETH), Wrapped Bitcoin (WBTC), and Ethena Labs (ENA). Per the tweet, WLFI’s Ethereum holdings dropped by about 24.4%, which resulted in a $36.7 million loss.

WBTC dropped by 12.1%, culminating in a $8 million loss for the asset class. Notably, ENA suffered the highest depreciation with a 43.7% decrement, which resulted in shedding $2.05 million. Spotonchain hinted at the possibility of the investment firm capitalizing on the declines to continue expanding its portfolio. The conviction stems from the fact that Trump has assured the US citizens that the new import tariff would eventually pay off.

World Liberty Financial’s $242.77M crypto investment made between Jan 19 and 31 is now down over $51.7M (-21%) after Trump’s new tariffs rattled the markets!

Their top 3 biggest losses include:
• $ETH: -$36.7M (-24.4%)
• $WBTC: -$8M (-12.1%)
• $ENA: -$2.05M (-43.7%)

Trump… https://t.co/5BxSnpAubl pic.twitter.com/7B45g73oLl

— Spot On Chain (@spotonchain) February 3, 2025

WLFI’s Entire Crypto Holdings New Valuation

According to Arkham Intelligence’s statistics, World Liberty Financial’s entire crypto holdings are down by 18.37%. The decline reduced the investment firm’s entire crypto holdings to $347 million. Despite their inclusion in the most hit crypto assets ranking, ETH and WBTC remain the most valuable cryptocurrencies in the portfolio.

For context, the crypto wallet contains 66.834K ETH, worth $165.85 million. WBTC stores in WLFI’s crypto portfolio displayed 646.715 tokens, valued at about $60.59 million. Some other top-ranking cryptocurrencies in the wallet include Staked Ethereum (STETH), USD Coin (USDC), Tron (TRX), Chainlink (LINK), and Aave (AAVE). Overall, the total number of crypto assets in WLFI’s wallet has reached 149 tokens, underscoring a widely diversified investment strategy.

Impact of the New Import Tax on the General Crypto Market

At the time of writing, the entire crypto market metrics have turned red, reflecting an 11.8% decline in the past 24 hours. The latest plunge resulted in the crypto market valuation dropping to $3.16 trillion. Mirroring a similar pattern, Bitcoin has plunged significantly below $100,000. It is trading around the 93,000 region and could still deplete further.

Trump's tariffs impact on the crypto market today pic.twitter.com/XWF3C4L7m7

— CoinGecko (@coingecko) February 3, 2025

 

Similarly, Ethereum has plummeted by a huge margin, evidenced by its $2,500 selling price. As a result of the blood bathe, crypto liquidations have spiked tremendously. In one of its most recent publications, Crypto2Community quantified the liquidations, stating that it has soared to approximately $2.16 billion.