World Liberty Financial (WLFI), a cryptocurrency project reportedly linked to former U.S. President Donald Trump’s family, has purchased 4.89 million SEI tokens worth approximately $775,000, according to on-chain data from Arkham Intelligence. The transaction was executed on April 12 using USDC from the project’s main wallet.
WLFI currently holds a diversified crypto portfolio, including Bitcoin, Ethereum, and various altcoins such as Tron, Avalanche, Ondo Finance, and now SEI. However, according to blockchain analytics firm Lookonchain, WLFI has spent a total of $346.8 million accumulating 11 different tokens, yet has not recorded any profits to date. Its Ethereum investments alone have resulted in losses exceeding $114 million, with the overall portfolio down around $145.8 million.
Back in February, Eric Trump, Donald Trump’s son, posted on social media platform X encouraging followers to buy Ethereum, calling it a “great time to add $ETH.” Since then, however, ETH’s price has dropped 55%, falling from $2,879 to $1,611.
Meanwhile, the logo for WLFI’s stablecoin, USD1, has quietly appeared on major crypto platforms including Coinbase, Binance, and CoinMarketCap. Despite the visibility, WLFI has yet to make any official announcement regarding the logo’s release.
Trump’s rumored involvement with USD1 has sparked concern among U.S. lawmakers. During an April 2 hearing of the House Financial Services Committee, Representative Maxine Waters warned that Trump may plan to replace the U.S. dollar with his own stablecoin for public transactions, such as tax payments and Social Security.
Committee Chair Representative French Hill echoed these concerns, stating that unless measures are taken to prevent a sitting president from owning a stablecoin company, he could not support related legislation and urged fellow lawmakers to oppose it as well.
