Trump-Affiliated WLFI Fuels SEI Rally With New Purchase

New blockchain data suggests that World Liberty Financial (WLFI), a crypto initiative tied to the Trump family, has made a notable move

A new purchase by Trump-affiliated World Liberty Financial (WLFI) has been detected, this time targeting altcoins with a massive SEI acquisition.

As reported by Arkham Intelligence, which tracks on-chain transactions in real time, WLFI used 775,000 USDC to acquire approximately 4.89 million SEI tokens 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.

The purchase from Trump’s venture comes as part of a broader shift in the crypto market, with major players like Binance making changes to their operations. Notably, Binance has slashed collateral ratios for 10 altcoins in a recent update to its portfolio margin system.

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.

The purchase also comes amid recent reports that World Liberty Financial may have sold off a significant amount of Ethereum amid recent market volatility. However, representatives from the venture have since pushed back against the claim, stating that no 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.