TLDR
- World Liberty Financial, a crypto project linked to the Trump family, purchased 4.89 million SEI tokens worth $775,000.
- WLFI has spent $346.8 million accumulating 11 different cryptocurrencies but is currently down $145.8 million across its portfolio.
- The SEI token surged over 27% in the past week following WLFI’s purchase.
- Eric Trump previously endorsed Ethereum in February, but ETH has since fallen 55% from its price at that time.
- WLFI’s portfolio includes Bitcoin, Ethereum, Tron, Ondo Finance, Avalanche, and now SEI.
World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, has added another digital asset to its growing portfolio. On April 12, the project purchased 4.89 million SEI tokens valued at approximately $775,000, according to blockchain analytics firm Arkham Intelligence.
The purchase was made using USDC from one of WLFI’s trading wallets, which has been used for previous altcoin acquisitions. This wallet received the funds from the project’s main wallet before executing the transaction.
This latest addition expands WLFI’s crypto holdings, which already include major cryptocurrencies like Bitcoin and Ethereum, as well as several altcoins including Tron, Ondo Finance, and Avalanche.
Trump's World Liberty(@worldlibertyfi) spent 775K $USDC to buy 4.89M $SEI again 1 hour ago.
In total, #WorldLiberty has spent $346.8M on 11 different tokens—but every single one is in the red, with a total loss of $145.8M!https://t.co/IzbZt1afkV pic.twitter.com/1lZchggiK5
— Lookonchain (@lookonchain) April 12, 2025
Investment Losses Mount
Despite its extensive investment activity, WLFI’s crypto portfolio has not performed well. According to blockchain researcher Lookonchain, the project has spent a total of $346.8 million accumulating 11 different tokens but has yet to see a profit on any of them.
The company’s Ethereum investments are particularly underwater, with paper losses exceeding $114 million. Overall, WLFI’s portfolio is down about $145.8 million based on current market prices.
The losses come just two months after Eric Trump, son of President Donald Trump, publicly encouraged his followers to buy Ethereum. In a February 3 post on X (formerly Twitter), he wrote: “In my opinion, it’s a great time to add $ETH.”
That endorsement hasn’t aged well. Since Eric Trump’s tweet, Ethereum’s price has dropped approximately 55%, falling from $2,879 to around $1,611 at the time of writing, according to data from CoinGecko.
Market Impact
The SEI token has seen a major price increase following WLFI’s purchase. The cryptocurrency has surged over 27% in the past week and is currently trading above $0.17.
Some technical analysts suggest SEI may be breaking out of a “falling wedge pattern,” potentially indicating a positive reversal. However, the token has been creating lower highs and lower lows since November 2024.
If the current momentum continues, some analysts project a short-term target of $0.34, which would represent a 100% increase from current levels. There appears to be buyer interest in the $0.13-$0.15 range, which has established a price floor.
Derivative market data from Coinglass shows that SEI’s funding rate has been negative for the past three months, indicating a bearish sentiment among traders. However, the rate is now nearly neutral, suggesting a possible shift in market dynamics as short positions close or reverse.
For SEI to confirm a bullish trend reversal, analysts recommend it must hold and close above $0.22, which represents a critical structural pivot point. If broken, future resistance levels to watch include $0.28, $0.40, and eventually $1.04.
On the other hand, failure to maintain support above $0.15 could lead to a retest of lower support zones near $0.10-$0.09.
USD1 Logo Appears
Meanwhile, 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 unveiling of the coin’s logo, as WLFI has made no formal announcement about it.
Trump’s involvement with USD1 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 suggested President Trump might be planning to use USD1 to replace the U.S. dollar.
“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 said.
The committee’s Republican chair, French Hill, expressed similar concerns: “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.”
World Liberty Financial recently denied reports that it had sold Ethereum or any of its other positions after some suggested a wallet belonging to the project sold around $8 million worth of the second-largest cryptocurrency.
