- World Liberty Financial (WLF) has purchased $100 million worth of SEI tokens to increase its holdings to 1 million SEI.
- The latest report shows that WLF has a current cumulative value of $214 million with a cumulative loss of $124 million.
World Liberty Financial (WLF), the decentralized finance platform linked to the family of US President Donald Trump, embarks on another accumulation spree as it purchases 541,242 SEI for 100,000 USDC at an average price of $0.185. This has brought its total SEI holdings to 1.089 million, obtained at a cumulative cost of $225,000. Currently, the broad market liquidation and pullback have significantly reduced its total holding value to $207,000.
The latest acquisition was enough to trigger a 7.5% surge on the 24-price chart. SEI currently trades at $0.19, but significantly down from its yearly high of $1.14 recorded on March 16, 2024. Its price chart shows that the asset is on the verge of breaking out of a descending triangle pattern, hinting at a short-term rally.
According to data from Lookonchain, WLF’s current portfolio holds nine crypto tokens with a cumulative value of $214.8 million. However, it has a cumulative loss of $124 million. Meanwhile, Ethereum (ETH) remains its largest holding with a current value of $126 million, followed by Wrapped Bitcoin (WBTC), which is valued at $65 million.
A week ago, a digital wallet tied to the WLF platform purchased $10.1 million worth of ETH, $9.9 million worth of WBTC, and $1.68 million worth of MOVE, as outlined in our recent blog post. According to President Trump’s son, Eric Trump, WLF seeks to revolutionize DeFi or CeFi as part of its move to become the future of finance.
Recent Controversies Surrounding World Liberty Financial (WLF)
Recently, a platform identified as Blockworks alleged that World Liberty was exploring possibilities to swap $10 million worth of the unreleased WLFI tokens with other crypto projects after spotting some movements on-chain. According to that report, this alleged sale was to come with a 10% fee.
However, WLF swiftly clarified that it is not selling any tokens. Per their report, it was simply reallocating assets for business purposes. Also, the DeFi platform explained that its regular movements are standard practices and are meant for maintaining a strong, secure, and efficient Treasury.
We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.
Amid these controversies, the platform has announced the launch of a macro strategic reserve for multiple assets. As mentioned in our previous news brief, this initiative is meant to provide a boost for major assets including Bitcoin (BTC) and Ethereum (ETH). Additionally, its creation is to enable the WLF team to enhance stability while acting as a robust financial backbone for the WLFI token. In a recent update, we also disclosed that WLF has collaborated with SUI to strengthen its strategic reserve.
