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SEI Gains 7.3% as Trump’s WLFI Adds 541K Tokens to Crypto Portfolio
World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by Donald Trump and his family, has expanded its crypto portfolio with a new investment in SEI. The $100,000 USDC purchase of 541,242 SEI tokens has led to a notable 7.3% increase in SEI’s value, despite the prevailing market downturn.
WLFI now holds a total of 1,089 million SEI tokens acquired at a cost of $225,000. Although the portfolio’s worth has decreased slightly due to market fluctuations, trading volumes have increased by an impressive 17%, indicating that investor confidence remains robust, according to data from Spot On Chain.
The news comes as WLFI continues its active investment strategy, having invested over $21 million in a diverse range of digital assets since late February. The additions include Ethereum (ETH), Wrapped Bitcoin (WBTC), Move (MOVE), and SEI, aimed at creating a stable, diversified portfolio that can withstand the unpredictable nature of the cryptocurrency market.
The project’s focus on establishing a robust portfolio is reflected in its Macro Strategy Reserve initiative. This reserve aims to reduce exposure to extreme market fluctuations while solidifying WLFI’s position in the DeFi sector.
Beyond these investments, WLFI has formed a strategic partnership with Sui, which will enable the development of cutting-edge blockchain technology within their shared ecosystem.
Source: https://cryptonewsland.com/sei-gains-7-3-as-trumps-wlfi-adds-541k-tokens-to-crypto-portfolio/
