Trump Family-Backed World Liberty Financial Adds $775K in SEI Tokens Amidst Portfolio Losses

World Liberty Financial (WLFI), a crypto project supported by the Trump family, has recently acquired 4.89 million SEI tokens, valued at approximately $775,000, according to blockchain data. This move comes amid WLFI’s ongoing diversification into various cryptocurrencies, adding to a portfolio already containing Bitcoin (BTC), Ether (ETH), and several other altcoins.

On April 12, WLFI’s trading wallet made the purchase using USDC transferred from the project’s main wallet. The trading wallet, known for accumulating a variety of altcoins, has continued to build its holdings across the crypto market.

WLFI’s Diversified Portfolio: A Mix of Major Coins and Altcoins

WLFI’s crypto portfolio is expansive, spanning top assets like Bitcoin and Ether, as well as a growing list of altcoins. Aside from the recent SEI token acquisition, the project’s holdings include:

• Bitcoin (BTC): $85,010
• Ether (ETH): $1,673
• Tron (TRX): $0.2557
• Ondo Finance (ONDO): $0.9004
• Avalanche (AVAX): $20.53
• Sei (SEI): $0.162

Blockchain analytics firm Lookonchain revealed that WLFI has invested a total of $346.8 million across 11 different tokens, but despite this significant outlay, it has yet to see a profit on any of these assets. As of April 12, the project’s Ethereum investments alone have suffered a loss of over $114 million.

Overall, WLFI’s portfolio is down by a staggering $145.8 million, highlighting the challenges faced by the project in the current volatile market.

This latest acquisition and the ongoing losses come on the heels of a tweet by Eric Trump, son of former President Donald Trump. On February 3, Eric Trump encouraged his followers to buy Ether, stating that it was a “great time to add $ETH.” While the tweet was later edited to remove the phrase “you can thank me later,” its timing has proven to be less than ideal.

Since that tweet, Ethereum’s price has dropped by more than 55%, falling from $2,879 to $1,611 at the time of writing, according to CoinGecko data. WLFI’s Ethereum holdings have been significantly impacted by this downturn, contributing to its overall portfolio losses.

USD1 Stablecoin Logo Unveiling and Political Backlash

In addition to its token investments, WLFI has been making waves with its stablecoin, USD1. The coin’s logo recently appeared on major exchanges, including Coinbase and Binance, as well as on the crypto aggregator site CoinMarketCap. However, WLFI has yet to make an official announcement about the logo’s unveiling.

The USD1 stablecoin has also drawn political attention. During an April 2 hearing of the U.S. House Financial Services Committee on stablecoin legislation, Democratic Representative Maxine Waters raised concerns that President Trump might be positioning USD1 to replace the U.S. dollar. Waters speculated that Trump could use his stablecoin to handle government payments, including Social Security and taxes.

Similarly, French Hill, the Republican chair of the committee, voiced his opposition, stating that if there was no effort to block Trump from controlling a stablecoin business, he would not support any stablecoin legislation.

As WLFI’s crypto ventures continue, the project faces both financial and political challenges. With significant losses in its portfolio and growing scrutiny over the USD1 stablecoin, WLFI’s future remains uncertain. However, with the backing of the Trump family and a commitment to expanding its digital asset holdings, the project’s developments will likely continue to make headlines.