TLDR
- World Liberty Financial (WLFI), a Trump family-backed crypto project, bought 4.89 million SEI tokens worth $775,000 on April 12
- WLFI has spent around $347 million accumulating 11 different tokens but currently has paper losses on all of them
- The project’s Ethereum investments alone are down over $114 million, with a total portfolio loss of $145.8 million
- USD1, WLFI’s stablecoin, appears to have an unofficial logo appearing on major exchanges like Coinbase and Binance
- The project recently denied selling any of its positions after reports suggested it had sold $8 million worth of ETH
World Liberty Financial (WLFI), the cryptocurrency project backed by former U.S. President Donald Trump’s family, has added another altcoin to its growing portfolio. On April 12, the project purchased 4.89 million SEI tokens valued at $775,000, according to blockchain data from Arkham Intelligence.
This latest purchase continues WLFI’s pattern of cryptocurrency accumulation. The transaction was made using USDC from the project’s main wallet, which was transferred to a trading wallet that has been used for previous altcoin purchases.
The SEI token acquisition adds to WLFI’s diverse portfolio. The project now holds Bitcoin, Ethereum, and a range of altcoins including Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX), and Movement (MOVE).
Growing Investment but Mounting Losses
According to blockchain researcher Lookonchain, WLFI has invested a total of $346.8 million in cryptocurrency acquisitions. The project has purchased 11 different tokens in its buying spree.
Despite the large investment, WLFI’s portfolio is currently experiencing substantial paper losses. As of April 12, the project has not seen a profit on any of its token holdings.
The Ethereum investments have been hit hardest. WLFI is currently down over $114 million on its ETH holdings alone. In total, Lookonchain reports that the project’s portfolio is down $145.8 million.
This comes just two months after Eric Trump, son of Donald Trump, encouraged his social media followers to purchase Ethereum. In a February 3 post on X (formerly Twitter), Eric Trump wrote: “In my opinion, it’s a great time to add $ETH.”
Since that tweet, Ethereum’s price has fallen approximately 55%. At the time of writing, ETH was trading at $1,611, down from $2,879 on February 3.
USD1 Stablecoin Developments
While continuing its token purchases, WLFI has seen what appears to be an unofficial logo unveiling for its USD1 stablecoin. The logo has appeared on major cryptocurrency exchanges including Coinbase and Binance, as well as on the crypto aggregator website CoinMarketCap.
WLFI has not made any official announcement about the USD1 logo at this time. The appearance on major platforms suggests the stablecoin project continues to move forward.
The USD1 stablecoin has faced criticism from lawmakers across the political spectrum. During an April 2 U.S. House Financial Services Committee hearing on stablecoin legislation, concerns were raised about the project.
Democratic Representative Maxine Waters suggested that 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,” Waters stated.
Republican committee chair French Hill expressed similar worries, saying, “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.”
Recent reports had suggested that WLFI sold approximately $8 million worth of Ethereum. However, the project has denied selling any of its positions, including ETH.
Following news of WLFI’s purchase, the price of SEI has seen a jump. The token is up more than 27% over the past week and was trading at $0.178 per token at the time of writing.
The continued accumulation of various cryptocurrencies indicates WLFI’s commitment to building a diverse digital asset portfolio, despite current market conditions resulting in paper losses across its holdings.
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