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Cryptocurrency News Articles
Donald Trump's Family Crypto Project, World Liberty Finance, Splashes $125,000 to Acquire 547,990 Sei (SEI) Tokens
Feb 20, 2025 at 05:27 pm
Data from the blockchain analytics platform Arkham Intelligence shows that the transaction occurred yesterday at 23:24 (UTC). A multi-sig wallet associated with the World Liberty project purchased the 547,990 SEI tokens through the decentralized trading platform CoW Protocol.
A multi-signature (multisig) wallet linked to Donald Trump's family crypto project, World Liberty Financial, has acquired 547,990 Sei (SEI) tokens for approximately $125,000, according to data from the blockchain analytics platform Arkham Intelligence.
The transaction, which occurred yesterday at 23:24 (UTC), saw the World Liberty multisig wallet purchase the SEI tokens through the decentralized trading platform CoW Protocol.
The average acquisition price for the SEI tokens was roughly $0.228, bringing the total cost to around $125,000 USDC, based on the prevailing market rate at the time of purchase.
no dull moment
As a result of the Trump family's interest in SEI, the token's price experienced a significant surge, rising 11% from the initial purchase price to a daily high of $0.2502.
At the time of writing, the token's price had retraced slightly to $0.2483. However, SEI remained notably higher by over 6.73% over the past seven days.
The token currently ranks 71st among cryptocurrencies on CoinMarketCap, with a valuation of approximately $1.16 billion.
World Liberty, launched by Donald Trump's eldest son, Donald Trump Jr., is a decentralized autonomous organization (DAO) that aims to promote financial freedom and inclusion.
The project's acquisition of SEI and other crypto assets is part of its broader strategy to support the growth and adoption of blockchain technology.
Earlier this month, World Liberty withdrew $10 million from Coinbase, which was subsequently used to purchase 200 million WLFI tokens.
According to blockchain analytics platform Onchain Lens, the Trump family's multisig wallet withdrew $10 million from Coinbase.
The multisig wallet, created by Trump's World Liberty Finance, reportedly withdrew the funds to purchase 200 million $WLFI tokens.
A multisig wallet created by #Trump's World Liberty Finance (@worldlibertyfi) has withdrew $10M $USDC from #Coinbase to buy 200M $WLFI.
They also spent $125k $USDC to buy 547,990 $SEI at an average price of $0.228.
MultiSig Wallet: 0x64bcb62afee4712bb6ecf7673ee3cfe6e2e133e8… pic.twitter.com/w4Luz8NIuR
— Onchain Lens (@OnchainLens) February 20, 2025
As previously reported, World Liberty disclosed that it had invested over $240 million in multiple crypto assets within 12 days, ranging from January 19 to 31, 2025.
This included a $112.8 million investment in Wrapped Bitcoin (wBTC), Ethereum (ETH), and Tron (TRX), among others, on January 20.
At the time, Trump Jr. stated that the investment was part of efforts to celebrate his inauguration as the 47th President of the United States.
Currently, a blockchain wallet linked to World Liberty holds $57.12 million in crypto assets, reflecting a slight 0.3% decrease over the past day.
Disclaimer:info@kdj.com
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