World Liberty Financial Acquires 541,242 Sei Tokens for $100,000
World Liberty Financial (WLFI), a decentralized finance protocol linked to US President Donald Trump, purchased 541,242 Sei (SEI) tokens for approximately $100,000. This investment has drawn attention to the altcoin.
Investment Details
- WLFI acquired SEI tokens at an average price of $0.185 using 100,000 USDC.
- Despite a current $124 million loss in its crypto portfolio, WLFI's total holdings in SEI have reached 1.089 million tokens, valued at $207,000.
- Current WLFI cryptocurrency assets include nearly 8,000 ETH, 14.8 million USDC, and 40.7 million TRX.
SEI Price Movement
- The purchase led to a 7.5% increase in SEI's price, now trading at $0.1978.
- SEI is nearing a $1 billion market cap and faces resistance at the 20-day EMA of $0.2204.
- Indicators suggest potential further gains with RSI around 38.78, indicating oversold conditions.
- If SEI surpasses $0.2311, it could target $0.2946.
Sei Ecosystem Growth
- Sei's Total Value Locked (TVL) has reached $335.45 million, indicating strong adoption.
- DeFi projects are migrating to Sei due to its speed, efficiency, and low fees.
- Future developments like the Gigasec launch aim to enhance Sei’s infrastructure.
- Sei is promoting innovation through grants and hackathons for developers.