Donald Trump’s DeFi project World Liberty Financial continues fresh crypto, acquiring another 541,242 SEI coins.

This news was enough to push the SEI price up by 7.3% while the broader crypto market consolidates. The recent acquisition comes despite the Trump portfolio for digital assets sitting on a $124 million loss.

The SEI price rose further on Thursday, adding another 7% to inch closer to the $0.20 level as Donald Trump’s DeFi project bought more of the token.

SEI price rose further as Trump's project buys more coins

The SEI price is continuing to bounce back strongly from the lows of $0.18, having dropped as low as $0.17 in the week of strong crypto market correction. The SEI price is now up 7% on the day and is inching closer to the $0.20 level. The daily trading volume for SEI has also shot up by 17% to more than $127 million, showing a strong bullish sentiment for the altcoin.

This recent price pump comes as Donald Trump’s blockchain-focused venture, World Liberty Financial, has made another significant investment, purchasing 541,242 SEI tokens for $100,000 USDC at an average price of $0.185, according to data from Spot On Chain.

This brings the project’s total SEI holdings to 1.089 million tokens, which were acquired at a cumulative cost of $225,000. However, due to recent market fluctuations, their current investment value has dropped slightly to $207,000.

Overall, the Trump portfolio, which includes a total of 9 crypto tokens, is currently sitting at a cumulative loss of $124 million out of its investment value of close to $340 million.

On the technical chart, SEI price is positioning for a potential short-term breakout from its descending triangle pattern on the hourly chart. A decisive rebound from key resistance zones could trigger a substantial price movement.

World Liberty Financial on crypto buying spree

Despite the broader crypto market downtrend since late February, World Liberty Financial has been aggressively expanding its crypto portfolio, investing a total of $21.6 million in prominent assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Move (MOVE), and SEI.

Last week alone, it added $10 million each to its ETH and Wbtc holdings.

In February, World Liberty Financial unveiled its new Macro Strategy Reserve, a strategic initiative that aims to fortify the platform’s presence in the cryptocurrency sector. The Reserve focuses on diversifying WLFI’s holdings across a range of digital assets to provide financial stability. By spreading investments, the reserve endeavors to mitigate the impact of market volatility while ensuring the platform’s long-term resilience and sustainability in the evolving crypto landscape.

Recently, it also announced its partnership with Sui on key development opportunities and will also be building a strategic SUI reserve.

"The synergy between Sui's state-of-the-art technology and WLFI's ambitious vision to empower individuals and foster economic opportunity could revolutionize the way assets are stored, utilized, and passed on to future generations throughout the world," said Evang Cheng, founding contributor to Sui.