Trump-Backed World Liberty Financial Purchases $775K in SEI Tokens

TLDR

• World Liberty Financial (WLFI), a Trump family-backed crypto project, purchased 4.89 million SEI tokens worth $775,000
• WLFI has spent approximately $347 million accumulating 11 different cryptocurrencies
• The project is currently experiencing paper losses across its entire portfolio, down about $145.8 million overall
• SEI token price jumped over 27% in the past week following the purchase
• A logo for WLFI’s stablecoin, USD1, has appeared on major exchanges like Coinbase and Binance

World Liberty Financial (WLFI), the cryptocurrency project backed by the Trump family, has expanded its digital asset portfolio with a new purchase of SEI tokens worth $775,000. According to blockchain analytics firm Arkham Intelligence, WLFI acquired 4.89 million SEI tokens on April 12, using one of its trading wallets that had received USDC transfers from the project’s main wallet.

This latest acquisition adds to WLFI’s growing cryptocurrency holdings. The project now owns a diverse range of digital assets including Bitcoin, Ethereum, Tron, Ondo Finance, Avalanche, and now SEI.

Blockchain researcher Lookonchain reports that WLFI has invested a total of $346.8 million to accumulate tokens across 11 different cryptocurrencies. However, the project has yet to see profits on any of these investments.

Investment Performance

The project’s current portfolio is experiencing a collective paper loss of approximately $145.8 million. Ethereum investments alone account for over $114 million in losses.

This poor performance is particularly interesting given Eric Trump’s public endorsement of Ethereum earlier this year. On February 3, Donald Trump’s son posted on X (formerly Twitter) that it was “a great time to add $ETH.”

In my opinion, it’s a great time to add $ETH.

— Eric Trump (@EricTrump) February 3, 2025

The timing of that advice has proven unfortunate. Since Eric Trump’s post, Ethereum’s price has fallen around 55%, dropping from $2,879 to approximately $1,611 at current trading levels.

WLFI has continued its altcoin acquisition strategy despite these losses. The recent SEI purchase demonstrates the project’s commitment to building a diversified crypto portfolio regardless of short-term market fluctuations.

Market Impact

The SEI token price has seen a strong upward movement following WLFI’s purchase. The token has gained over 27% in value during the past week and is now trading above $0.17.

Technical analysts point to what some describe as a “falling wedge breakout pattern” for SEI, potentially predicting a positive reversal. Some market watchers estimate a short-term price target of $0.34, which would represent a 100% increase from current levels if momentum continues.

For a confirmed bullish trend reversal, analysts suggest SEI needs to hold and close above $0.22, a key structural pivot point. If this level breaks with sustained upward momentum, future resistance levels to watch include $0.28, $0.40, and eventually $1.04.

USD1 Stablecoin Developments

In a related development, an icon for WLFI’s stablecoin, USD1, has appeared on major cryptocurrency exchanges including Coinbase and Binance, as well as on the crypto aggregator website CoinMarketCap. This appears to be an unofficial logo unveiling, as WLFI has made no formal announcement about USD1’s branding.

Trump’s involvement with the USD1 stablecoin has drawn criticism from lawmakers across the political spectrum. During an April 2 U.S. House Financial Services Committee hearing on stablecoin legislation, Democratic Representative Maxine Waters expressed concerns that President Trump might eventually plan to replace the U.S. dollar with USD1.

“Trump likely wants the entire government to use stablecoins, from payments made by the Department of Housing and Urban Development to Social Security payments to paying taxes. And which coin do you think Trump would replace the dollar with? His own, of course,” Waters stated during the hearing.

The committee’s Republican chair, French Hill, shared similar reservations about potential conflicts of interest. “If there is no effort to block the president of the United States of America from owning his stablecoin business […] I will never be able to agree on supporting this bill, and I would ask other members not to be enablers,” Hill said.

Despite these concerns, WLFI continues to expand its cryptocurrency operations and portfolio. The project recently denied reports suggesting it had sold any of its Ethereum or other positions, countering claims that a wallet belonging to the project had sold approximately $8 million worth of ETH.

As SEI and other altcoins in WLFI’s portfolio experience price volatility, market participants are closely watching whether buyers can maintain bullish momentum or if sellers will regain control of price action in the coming weeks.