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 Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree Cointelegraph 14 Apr 2025

Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree 💰

Trump family-supported World Liberty Financial has acquired 4.89 million SEI tokens worth $775,000, according to onchain data. The purchase is part of their strategy of altcoin investments, despite the portfolio struggling with overall losses.

Blockchain analytics reveal Trump’s involvement has sparked political criticism, with concerns over plans possibly replacing the US dollar with his stablecoin, USD1. Meanwhile, the USD1 logo has appeared on major exchanges like Coinbase and Binance.

Despite previous encouragement from Eric Trump to invest in Ether, WLFI's investments remain underwater, reflecting broader market challenges.

Source: cointelegraph.com ↗