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Ruholamin Haqshanas
Author
Ruholamin Haqshanas
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Why Trust Cryptonews
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 SEI
WLFI’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.
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 CoinMarketCap
In 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.
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.”
