Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree
World Liberty Financial (WLFI), backed by the Trump family, acquired 4.89 million SEI tokens worth $775,000 on April 12, using USDC from its main wallet. WLFI's portfolio includes Bitcoin, Ether, and various altcoins, totaling $346.8 million spent on 11 tokens, with no profits realized as of April 12. WLFI's Ethereum investments are down over $114 million, contributing to an overall portfolio loss of $145.8 million. Eric Trump previously encouraged followers to buy Ether, which has since dropped 55%. WLFI's stablecoin, USD1, has appeared on major exchanges without an official logo announcement. Lawmakers express concerns about Trump's potential plans to use USD1 to replace the US dollar, with bipartisan criticism regarding his involvement in stablecoin legislation.
