WLFI Invests $775K in Sei Blockchain, Denies ETH Sale Claims

• WLFI invests $775K in Sei, boosting its holdings to nearly $1M amid market volatility.
• Despite losses, WLFI’s $346.8M portfolio continues to back strategic blockchain projects.
• WLFI denies claims of selling ETH, reinforcing its commitment to long-term digital assets.

The DeFi project World Liberty Financial (WLFI), which is linked to the Trump family, used its investment funds to purchase tokens from the Sei (SEI) blockchain. The company allocated $775,000 to buy 4.89 million SEI tokens, increasing its presence in the rapidly expanding Layer 1 blockchain ecosystem. WLFI now owns 5,983,278 SEI tokens, which currently cost nearly $969,000. The company continues its Web3 investment growth strategy by dedicating funds to innovative blockchain possibilities.

WLFI’s Strategic Investment in Sei

WLFI has been particularly focused on building its position in the Sei ecosystem, which has gained widespread market success with its Cosmos SDK-built platform, optimizing DeFi development and crypto trading functionality. Over $377 million worth of capital is locked within the network, with the stablecoin market capital exceeding $190 million.

The Trump-backed project applies its substantial financial support to Web3 protocols that contribute to future success. Notably, the investment activities of WLFI include backing leading blockchain projects, which include both Chainlink (LINK) and Ethereum (ETH). WLFI strengthens its position within Sei’s fast-developing ecosystem by acquiring 4.89 million SEI tokens. Sei’s platform enables WLFI to launch new products which would deepen its market presence in this sector.

Market Impact and Technical Analysis of SEI

In the past months, SEI has struggled with price stability despite WLFI’s major financial support. SEI reached its historical peak of exceeding $0.96 in March 2024 before it entered an ongoing decline. SEI gained more than 8% value in the previous day to reach a mid-cap altcoin pricing level of $0.162. SEI’s market characteristics attract attention because its dispatching valuation exceeds $1.6 billion and its daily transactional value approaches $55 million.

From a technical point of view, SEI must rebound its declining logarithmic trend to confirm its price reversal. For this upward recovery pattern to further play out, it is important to see if there is a consistent upward movement above this trend line. While the Sei network grows, WLFI’s investment could be instrumental in helping the network survive ongoing market fluctuation.

WLFI’s Financial Losses and Strategy Moving Forward

WLFI’s continued support for blockchain is demonstrated by its investment in SEI, even though its entire portfolio experiences performance difficulties. Since its initiation, WLFI has contributed $346.8 million to funding 11 different cryptocurrencies. However, all its investments are currently in the red, amounting to a total loss of $145.8 million. 

Despite recent difficulties, WLFI remains dedicated to developing Web3 projects that match its strategic direction. The project’s leadership is committed to pursuing strategic acquisitions as it investigates expanding opportunities in the fast-changing blockchain marketplace.

Apart from its investments, WLFI also responded to a report that it sold around $8 million of Ether (ETH) earlier this week. Data from blockchain tracker Arkham revealed that an ETH wallet belonging to WLFI sold ETH when the price hit $1,465. 

In response to the speculation, a WLFI spokesperson categorically denied the claims, saying, “Claims that WLFI sold its holdings are completely false. No assets have been sold, and related speculation is incorrect.” Despite market volatility, WLFI has stated that the group is remaining fully committed to its holdings and investment strategy.

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