Trump’s World Liberty Financial Buys 541,242 SEI Tokens, Pushing Price Up 7.5%

World Liberty Financial (WLFI), the decentralized finance (DeFi) protocol linked to former U.S. President Donald Trump, has made a significant investment in Sei (SEI), purchasing 541,242 tokens for approximately $100,000. This move has fueled investor interest in SEI, contributing to a notable price surge.

WLFI Expands Sei Holdings Despite Crypto Losses

According to Arkham data, WLFI acquired SEI tokens at an average price of $0.185, utilizing 100,000 USDC. This purchase adds to WLFI’s existing holdings, bringing its total SEI assets to 1.089 million tokens, valued at $207,000 due to market fluctuations.

Despite this expansion, WLFI’s overall crypto portfolio remains at a significant $124 million loss. The protocol currently holds approximately $77.6 million in digital assets, including nearly 8,000 Ether (ETH), 14.8 million USDC, 162.69 Wrapped Bitcoin (WBTC), 5,000 stETH, and 40.7 million Tron (TRX) tokens.

SEI Price Surge and Market Outlook

WLFI’s investment in SEI triggered a 7.5% price surge, with the cryptocurrency currently trading at $0.1978, according to CoinMarketCap. SEI is approaching a $1 billion market capitalization, despite broader market corrections.

From a technical perspective, SEI faces resistance at the 20-day Exponential Moving Average (EMA) of $0.2204. The Relative Strength Index (RSI) hovers around 38.78, indicating that SEI is nearing oversold conditions, which could drive a price rebound.

SEI is also trading near the lower Bollinger Band, signaling a potential upside reversal. If the asset breaks past the middle Bollinger Band at $0.2311, it could target the upper band at $0.2946.

Sei’s Growing Ecosystem and Adoption

Crypto analyst peblo.escobar believes Sei is undervalued, citing its robust fundamentals. According to DefiLlama, Sei’s Total Value Locked (TVL) has reached an all-time high of $335.45 million, reflecting strong adoption.

Sei’s increasing transaction volume, efficiency, and low fees are attracting more DeFi projects. Additionally, the upcoming Gigasec launch is expected to enhance Sei’s blockchain infrastructure. The network is also fostering innovation through grants and hackathons, further solidifying its position in the DeFi space.

Also Read: XRP Drops After Brief Rally to $3 – Can Trump’s Crypto Reserve Keep It Above?

With growing institutional interest and strategic investments like WLFI’s, Sei remains a strong contender in the evolving cryptocurrency landscape.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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