New blockchain data suggests that World Liberty Financial (WLFI), a crypto initiative tied to the Trump family, has made a notable move into altcoins by acquiring millions of SEI tokens.
The purchase was flagged by Arkham Intelligence, which tracks on-chain transactions in real time.
According to their analysis, WLFI spent 775,000 USDC to acquire approximately 4.89 million SEI tokens, securing them at an average rate of $0.158 per token. Since the acquisition became public, SEI’s market price has climbed to around $0.175, reflecting a modest gain and sparking broader interest in the token.
The announcement appears to have triggered a surge in trading activity, pushing SEI up by roughly 13% within a single day. The token, which powers a Layer 1 blockchain built for speed and affordability, currently has a market cap nearing $853 million.
This isn’t the first time WLFI has been connected to SEI. Records show that the project’s associated crypto wallet now holds around 5.9 million SEI in total. The organization had previously been linked to SEI holdings, suggesting a longer-term interest in the network.
Meanwhile, Arkham Intelligence recently raised eyebrows by suggesting that WLFI may have sold off a significant amount of Ethereum amid recent market volatility. However, WLFI representatives pushed back against the claim, denying any such selloff occurred.
With Trump’s crypto venture making waves in the altcoin market, SEI’s price movement and growing on-chain activity are likely to remain in the spotlight.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/trump-affiliated-wlfi-fuels-sei-rally-with-new-purchase/