Trump-Linked Crypto Project WLFI Adds $775K in SEI Tokens to Its Portfolio
World Liberty Financial (WLFI), a cryptocurrency initiative backed by the Trump family, has added 4.89 million SEI tokens to its holdings, valued at approximately $775,000.The purchase was carried out on April 12 by one...
World Liberty Financial (WLFI), a cryptocurrency initiative backed by the Trump family, has added 4.89 million SEI tokens to its holdings, valued at approximately $775,000.
The purchase was carried out on April 12 by one of WLFI’s trading wallets, funded with USDC transferred from the project’s main wallet, according to onchain data reviewed by blockchain analytics firm Arkham Intelligence.
This particular wallet has previously been used to accumulate a variety of altcoins.
Trump-Backed WLFI Expands Diverse Crypto Portfolio with Addition of SEIWLFI’s portfolio includes major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), along with other altcoins like Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX), and now Sei (SEI).
According to blockchain researcher Lookonchain, WLFI has spent over $346 million acquiring 11 different tokens to date.
However, the project has yet to turn a profit on any of its holdings.
As of April 12, WLFI’s overall portfolio was down by $145.8 million, with its Ethereum holdings alone currently showing a loss of more than $114 million.
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
The SEI acquisition comes amid broader speculation about the Trump family’s involvement in crypto markets.
On February 3, Eric Trump posted on X (formerly Twitter), calling it “a great time to add $ETH.”
The post was later edited to remove the phrase “you can thank me later.”
Since that tweet, the price of Ether has fallen significantly—dropping from $2,879 to $1,611, according to CoinGecko, a decline of around 55%.
WLFI’s USD1 Stablecoin Logo Quietly Appears on Coinbase, Binance, and CoinMarketCapIn related developments, what appears to be the unofficial logo of WLFI’s upcoming stablecoin, USD1, has surfaced on platforms like Coinbase, Binance, and CoinMarketCap.
While WLFI has not issued any official statements regarding the branding, observers believe the appearance of the icon may signal a soft rollout.
USD1 new logo – official?
Since it’s shown on @binance & @coinbase it should be official.
I expect to see the full rollout and an announcement by @worldlibertyfi next week.
What do you guys think about the Logo?
Personally I think it’s pretty mid #WLFI #USD1 #TRUMP pic.twitter.com/kYLU817X6t
Last week, WLFI announced a proposal to conduct a test airdrop of its USD1 stablecoin to eligible WLFI token holders.
According to the proposal, the initiative is intended to enhance visibility for USD1 ahead of its broader launch.
The stablecoin, backed by U.S. Treasuries and managed by custodian BitGo, is part of WLFI’s effort to establish a regulated dollar-pegged digital asset.
WLFI’s growing presence in the stablecoin space has not gone unnoticed by lawmakers.
At an April 2 hearing before the U.S. House Financial Services Committee, Democratic Representative Maxine Waters expressed concern that Trump may seek to make USD1 a replacement for the U.S. dollar in federal transactions.
Committee Chair French Hill echoed the sentiment, warning, “If there is no effort to block the president of the United States of America from owning his stablecoin business, I cannot support this bill and urge others not to either.”
The post Trump-Linked Crypto Project WLFI Adds $775K in SEI Tokens to Its Portfolio appeared first on Cryptonews.
Original source
Read on CryptonewsRelated market context
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a...
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. T...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
GameStop SEC Filing Highlights Coinbase Custody Liquidation Risk For Bitcoin Holdings
TL;DR GameStop’s Form 10-Q includes digital asset custody risk disclosures. The filing discusses circumstances in which a custodia...
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...