{"id":127113,"date":"2025-04-14T03:20:21","date_gmt":"2025-04-14T03:20:21","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127113"},"modified":"2025-04-14T03:20:21","modified_gmt":"2025-04-14T03:20:21","slug":"trumps-world-liberty-financial-buys-775k-in-sei-in-altcoin-buying-spree","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127113","title":{"rendered":"Trump\u2019s World Liberty Financial buys $775K in SEI in altcoin buying spree"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data.<br \/>\nData from blockchain analytics firm Arkham Intelligence shows the purchase was made on April 12 by one of WLFI\u2019s trading wallets using USDC transferred from the project\u2019s main wallet. It\u2019s the same trading wallet previously used by WLFI to accumulate other altcoins.<br \/>\nWLFI holds a diversified portfolio, including Bitcoin (BTC), Ether (ETH), and a larger number of altcoins, such as Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX) and now Sei (SEI).<br \/>\nAccording to blockchain researcher Lookonchain, WLFI has spent a total of $346.8 million accumulating 11 different tokens, but as of April 12, it has yet to see a profit on any of them. The project\u2019s Ethereum investments alone are currently down over $114 million.\u00a0<br \/>\nOverall, Lookonchain says WLFI\u2019s portfolio is down $145.8 million.<br \/>\nWorld Liberty Financial\u2019s current on-paper profit\/loss on its altcoins. Source: Lookonchain\u00a0Only two months ago, in a Feb. 3 X post, Donald Trump\u2019s son, Eric Trump, urged his followers to buy Ether, writing: \u201cIn my opinion, it\u2019s a great time to add $ETH.\u201d Originally, the tweet also included \u201cyou can thank me later,\u201d but it was edited to remove those five words.<br \/>\nAt the time of writing, data from CoinGecko showed ETH\u2019s price had fallen 55% since Eric Trump\u2019s tweet, currently trading at $1,611, down from the Feb. 3 close of $2,879.<br \/>\nRelated: Democrats slam DOJ\u2019s \u2018grave mistake\u2019 in disbanding crypto crime unit<br \/>\nWLFI\u2019s USD1 logo appears on major exchanges<br \/>\nMeanwhile, an icon for WLFI\u2019s stablecoin, USD1, has appeared on Coinbase, Binance and the crypto aggregator website CoinMarketCap in what appears to be the coin\u2019s unofficial logo unveiling.\u00a0<br \/>\nWLFI has made no official announcement about USD1\u2019s logo.<br \/>\nObservers speculate this is USD1\u2019s new logo. Source: Binance\u00a0Trump\u2019s involvement with USD1 has attracted criticism from lawmakers on both sides of US politics. At an April 2 US House Financial Services Committee hearing on stablecoin legislation, Democratic Representative Maxine Waters suggested President Trump may be ultimately planning to use USD1 to replace the US dollar.<br \/>\n\u201cTrump 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. And which coin do you think Trump would replace the dollar with? His own, of course.\u201d<br \/>\nThe committee\u2019s Republican chair, French Hill, aired similar concerns.<br \/>\n\u201cIf there is no effort to block the president of the United States of America from owning his stablecoin business [&#8230;] I will never be able to agree on supporting this bill, and I would ask other members not to be enablers.\u201d<br \/>\nMagazines: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame<a href=\"https:\/\/cointelegraph.com\/news\/trump-backed-wlfi-continues-altcoin-accumulation-buying-775k-sei-token?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data. Data from blockchain&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127113"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127113"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127113\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127113"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}