Following a major crypto play by Trump-affiliated World Liberty Financial (WLFI), the price of SEI tokens has skyrocketed over 27% in just one week. The massive surge came after WLFI scooped up 4.89 million SEI tokens for a cool $775,000, using USDC stablecoin for the purchase. Talk about making an entrance.
The transaction, tracked and confirmed by Arkham Intelligence, sent SEI’s price soaring to $0.178 per token. Not too shabby for an altcoin that’s been flying under the radar. The buy sparked a trading frenzy, with volume spiking as both institutional and retail investors scrambled to follow WLFI’s lead. The project’s focus on expanding crypto holdings drives their aggressive investment strategy. The firm’s total crypto investments now stand at $346.8 million across various tokens. The surge in SEI demonstrates how market sentiment can rapidly drive cryptocurrency valuations.
WLFI, backed by the Trump family including Donald Trump and his sons, has been methodically building its crypto portfolio. They’re not exactly subtle about it either. The organization regularly broadcasts its purchases and has amassed significant holdings in Bitcoin, Ethereum, and various altcoins. When rumors circulated about potential ether sales, WLFI shut them down fast.
WLFI flexes its crypto muscles as Trump-backed firm openly builds massive holdings in Bitcoin, Ethereum, and select altcoins.
The investment in SEI isn’t just another random crypto bet. WLFI sees the blockchain platform as a “rising star” in the DeFi space, positioning it for long-term ecosystem growth rather than quick profits. The move fits perfectly with their strategy of targeting innovative blockchain projects with serious potential.
The market response was immediate and intense. On April 6 alone, SEI jumped 10.5% as traders piled in. The increased attention has transformed SEI’s market dynamics, improving liquidity and attracting fresh capital. Crypto media outlets couldn’t get enough of the story.
WLFI executed the purchase through their main trading wallet, which has a history of making substantial altcoin acquisitions. The transaction showcased their sophisticated approach to crypto investing, using crypto-native infrastructure for seamless execution.
With their substantial wallet balance, WLFI has proven they’re serious players in the crypto space. And now, all eyes are on SEI’s ecosystem development as the project faces unprecedented scrutiny.
