World Liberty Financial (WLFI), a cryptocurrency initiative supported by the Trump family, added 4.89 million SEI tokens to its assets, valued at around $ 775,000.
The purchase was made on April 12 by one of the WLFI trading portfolios, funded with the USDC transferred from the project’s main portfolio, according to ONCHAIN data examined by the Arkham Intelligence blockchain analysis company.
This particular portfolio has already been used to accumulate a variety of altcoins.
The WLFI supported by Trump extends a portfolio of diversified cryptography with the addition of SEI
The WLFI portfolio includes major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), as well as other altcoins like Tron (TRX), Ondo Finance (Ondo), Avalanche (Avx) and now Sei (SEI).
According to the Blockchain researcher, Lookonchain, WLFI has spent more than $ 346 million to acquire 11 different tokens to date.
However, the project has not yet made a profit on any of its assets.
As of April 12, the global WLFI portfolio fell $ 145.8 million, its Holdings Ethereum, currently loss of more than $ 114 million.
The acquisition of SEI is involved in the midst of broader speculation on the involvement of the Trump family on the cryptographic markets.
On February 3, Eric Trump posted on X (formerly Twitter), the appellant “a good time to add $ ETH”.
The message was then changed to delete the sentence “You can thank me later.”
Since this tweet, the price of the ether has dropped considerably – from $ 2,879 to $ 1,611, according to Coingecko, a drop of around 55%.
WLFI Stablecoin USD1 logo appears quietly on Coinbase, Binance and CoinmarketCap
In related developments, which seems to be the unofficial logo of the next Stablecoin of WLFI, USD1, has surfaced on platforms like Coinbase, Binance and CoinmarketCap.
Although WLFI has not published any official declaration concerning the brand, observers believe that the appearance of the icon can point out a mild deployment.
New USD1 – Official logo?
Since it is shown on @binance & @coinbase It should be official.
I expect to see the full deployment and an announcement by @Worldlibertyfi Next week.What do you think of the logo?
Personally, I think it’s pretty
#Wlfi # USD1 #ASSET
– Fabi
(@Solanafabi) Last week, the WLFI announced a proposal to carry out a test of its stablecoin test for holders of eligible WLFI tokens.
According to the proposal, the initiative aims to improve the visibility of the USD1 before its broader launch.
The Stablecoin, supported by US treasury bills managed by goalkeeper Bitgo, is part of WLFI’s efforts to establish a regulated digital asset in dollars.
The growing presence of WLFI in Stablecoin space has not gone unnoticed by legislators.
During a April 2 audience before the United States Chamber of Financial Services Committee, Democratic Representative Maxine Waters expressed his concern that Trump could seek to make a USD replacement for the US Dollar for Federal Transactions.
The president of the French Hill committee echoed the feeling, warning: “If there is no effort to block the President of the United States of America to own his Stablecoin activity, I cannot support this bill and urge others not to.”
The crypto project linked to Trump WLFI adds $ 775,000 in SEI tokens to its wallet appeared first on Cryptonews.
