Trump-Backed WLFI Buys $775,000 in SEI Tokens, Portfolio Down 42%

World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, has recently expanded its digital asset portfolio by purchasing 4.89 million SEI tokens worth $775,000. This acquisition was made on April 12 using one of WLFI’s trading wallets, which had received USDC transfers from the project’s main wallet. The purchase of SEI tokens adds to WLFI’s diverse range of digital assets, which now includes Bitcoin, Ethereum, Tron, Ondo Finance, Avalanche, and SEI.

WLFI has been actively investing in cryptocurrencies, with a total investment of approximately $346.8 million across 11 different cryptocurrencies. However, the project has not yet seen profits on any of these investments. Currently, WLFI’s portfolio is experiencing a collective paper loss of about $145.8 million, with Ethereum investments alone accounting for over $114 million in losses. This poor performance is notable given Eric Trump’s public endorsement of Ethereum earlier this year, when he posted on X (formerly Twitter) that it was “a great time to add $ETH.” Since that post, Ethereum’s price has fallen around 55%, dropping from $2,879 to approximately $1,611.

Despite these losses, WLFI has continued its strategy of acquiring altcoins. The recent SEI purchase demonstrates the project’s commitment to building a diversified crypto portfolio, regardless of short-term market fluctuations. The SEI token price has seen a strong upward movement following WLFI’s purchase, gaining over 27% in value during the past week and now trading above $0.17. Technical analysts point to 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.

In a related development, an icon for WLFI’s stablecoin, USD1, has appeared on major cryptocurrency exchanges, as well as on the crypto aggregator website. 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 a U.S. House Financial Services Committee hearing on stablecoin legislation, concerns were raised about potential conflicts of interest and the possibility of President Trump replacing the U.S. dollar with USD1. 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. WLFI’s continued investment in cryptocurrencies, despite the current paper losses, indicates a long-term strategy focused on diversification and growth in the digital asset space. The project’s commitment to building a robust portfolio, along with the recent developments in the SEI token and USD1 stablecoin, suggests that WLFI is positioning itself as a significant player in the cryptocurrency market.