World Liberty Financial (WLFI) Buys the Dip, Purchasing 541,242 SEI Tokens at an Average Price of $0.185

WLFI bought the tokens at an average price of $0.185 for $100,000 USDC. After this acquisition, SEI price increased to 7% and reached near the $ 0.20 resistance level.

The price of SEI has risen by 7% in the last 24 hours, bouncing back from the $0.18 level. The daily trading volume has also increased by 17%, reaching $127 million.

This comes as World Liberty Financial (WLFI), Donald Trump’s DeFi project, has purchased 541,242 SEI tokens. The tokens were bought at an average price of $0.185 for $100,000 USDC.

The SEI price rose to nearly the $ 0.20 resistance level after this new acquisition.

According to Lookochain data, the firm’s total SEI holdings are now 1.089 million tokens. These tokens were bought for a total cost of $225,000, but the current market value has dropped to $207,000.

Overall, the Trump portfolio consists of nine cryptocurrencies, valued at $340 million. The portfolio has a cumulative loss of $124 million, mainly due to the changes in the market.

Technical Indicators Suggest Potential Breakout

The SEI price chart shows a possible breakout from a descending triangle pattern on the hourly time frame. The coin is trading close to a critical resistance zone, and a successful breakout could trigger a strong upward movement.

A breakout above the resistance level would indicate more demand pressure. However, if SEI continues moving past $0.20, the bulls can carry the price higher. Investors are focused on the price to see whether the bullish pressure will continue.

World Liberty Financial Diversifies Digital Assets Despite Overall Market Decline

Despite the decline of the overall cryptocurrency market, World Liberty Financial has been quite aggressive in diversifying its digital assets. In the past month, the project has acquired $21.6 million’s worth of various tokens such as Ethereum, Wrapped Bitcoin, Move, and SEI.

Last week, for instance, the firm invested $10 million in ETH and WBTC. These acquisitions are consistent with its long-term approach of improving its position amid the fluctuations in the market. The firm remains active in accumulating crypto assets for the subsequent market rallies.

New Partnership with Sui for Strategic Development

In other news, Sui has partnered with World Liberty Financial for strategic development. The key aim of the partnership is to optimize the usage of the assets, with Sui focusing on storage technology.

Evan Cheng, Sui’s founding contributor, went on to state that this partnership has the potential to fundamentally alter asset management on a global scale. By integrating Sui’s infrastructure, World Liberty Financial intends to offer superior solutions in the DeFi sector in terms of both speed and security. The company has also revealed its plans to create a SUI reserve as part of its investment strategy.

With these developments, the price of SEI remains at a significant level. At the time of writing, SEI is priced at $0.2003, a 5% gain in the last 24 hours. The total market cap of the token has risen to $933.01 million, and the daily trading volume amounts to $116.57 million, up by 11%. SEI price also made a technical bounce from its intraday low chart, indicating further buying pressure.