US President Trump announced over the weekend that he will impose a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese goods (effective 2/4), prompting strong retaliation from Canada, Mexico, and China, and triggering a global trade tariff war.
Against this backdrop, Asian stock markets and the Bit currency market were bloodbathed this morning, and the DeFi project WLFI of the Trump family, which had previously actively increased its holdings, is also difficult to escape from the severe blow.
Market volatility, WLFI investment loss exceeds $50 million
According to data monitored by Spot On Chain, World Liberty Financial (WLFI) invested $243 million from January 19 to 31, and has currently lost $51.7 million, a drop of 21%. The worst-hit ENA has plummeted nearly 44%, almost halving.
The three assets that WLFI was hit the hardest are:
- ETH: lost $36.7 million (down 24.4%)
- WBTC: lost $8 million (down 12.1%)
- TRX: lost $1.5 million (down 15%)
Trump's tariff policy triggers market turmoil
Trump has recently taken a tough stance, emphasizing that the new tariff policy will bring "short-term pain" but is "worth the cost". This statement has exacerbated market concerns, leading to significant volatility in the Bit currency market.
Netizens have mixed reactions to Trump's policies and WLFI's investment decisions:
- Some investors believe that the tariff policy can bring economic benefits to the US and enhance the competitiveness of domestic industries. However, some market participants criticize that this policy may further disrupt the market and even have an adverse impact on the global economy.
- WLFI's investment strategy: Some investors question WLFI's decision to increase investment during the market volatility, believing that they should have assessed the risks more prudently to avoid further losses. However, some believe that this downturn may be a buying opportunity for long-term investors, and it remains to be seen whether there will be any replenishment actions.
