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TL;DR World Liberty Financial (WLFI), the crypto initiative backed by the Trump family, has invested $775,000 in SEI tokens, further expanding its growing altcoin portfolio. Despite current losses across its crypto holdings, WLFI remains focused on diversification. This move comes amid a shifting political and financial climate that is becoming increasingly supportive of digital assets.
They scooped up $775,000 worth of SEI tokens on April 12. That's 4.89 million SEI added to the altcoin-heavy portfolio from WLFI, according to Arkham Intelligence.
World Liberty Financial has triggered a short-lived surge in SEI price after purchasing $775K worth of the token, briefly lifting it 20% before momentum stalled at key resistance.
World Liberty Financial (WLFI), the Trump family-backed crypto project, expanded its altcoin portfolio with a $775,000 purchase of SEI tokens.
On April 12, World Liberty Financial (WLFI), an initiative in the cryptocurrency sector supported by the Trump family, made a new strategic investment, adding 4.89 million SEI tokens to its portfolio. The value of the operation is around 775,000 dollars, according to on-chain data from Arkham Intelligence . The purchase was made through one of the project's trading wallets, funded with USDC transferred from WLFI's main wallet. This same wallet is known to have been used in the past to accumulate a variety of altcoin, consolidating the initiative's diversification strategy.
Trump's World Liberty Financial bought $775K of SEI tokens, expanding its crypto portfolio despite experiencing $145.8M in paper losses across all holdings.
Trump-backed World Liberty Financial (WLF) bought $775K worth of SEI tokens as part of its crypto accumulation strategy.
WLFI, a cryptocurrency initiative backed by the Trump family, has added 4.89 million SEI tokens to its holdings, valued at approximately $775,000. The post Trump-Linked Crypto Project WLFI Adds $775K in SEI Tokens to Its Portfolio appeared first on Cryptonews.
The Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data. Data from blockchain analytics firm Arkham Intelligence shows the purchase was made on April 12 by one of WLFI's trading wallets using USDC transferred from the project's main wallet.
World Liberty Financial, the crypto venture backed by U.S. President Donald Trump's family, purchased $775,000 worth of SEI tokens as its altcoin accumulation strategy keeps going.
Sei price remains under pressure in the past few months and is hovering near its lowest point since November 2023 even as its ecosystem continue doing well. The token was trading at $0.1750, down by over 75% from its highest level in December last year.
Sei (SEI), a fast-growing Layer 1 blockchain focused on optimizing crypto trading and DeFi development, has received significant support from Donald Trump-backed World Liberty Finance (WLFI). After concluding one of the most heavily subscribed token sales in recent history, World Liberty Finance has been engaged in strategic token purchases.
World Liberty Fi, a project linked to US President family, has purchased SEI tokens, worth at least $775,000. The investment has triggered excitement among SEI enthusiasts. Notably, the SEI market has recorded an impressive surge of 7.8% in the last 24 hours. In the last one hour alone, the market has climbed by nearly 3.4%.
Sei Giga introduces the Autobahn consensus mechanism, boosting blockchain throughput by 50x through a multi-proposer model, enhancing scalability and maintaining Byzantine Fault Tolerance.
Explore the differences between Kava USDT and USDT0 on Sei Mainnet, including interoperability, token backing, and best practices for integration.
The cryptocurrency market endured significant declines as liquidations rattled the digital assets landscape. Meanwhile, SEI led the downside, losing 19% in the past 24 hours to explore price levels not witnessed since October 2023. Adverse ecosystem developments following the Filament Finance hack intensified Sei's crash.
Filament, a decentralized exchange built on the Sei blockchain, has been hit by a major self-liquidation exploit. According to the platform's post-hack statement shared on X, attackers took advantage of the platform's order book system to steal around $572,000.
Sei token continued its downward trend and is nearing its all-time low even as its ecosystem growth accelerated. Sei (SEI), a fast-growing layer-1 network, has extended its downward trend, nearing its all-time low even as ecosystem activity accelerates.
Sei Foundation, the organization supporting the Layer-1 blockchain Sei, has revealed a new US non-profit, Sei Development Foundation, establishing its headquarters in New York. The post Sei Establishes US Non-Profit Foundation, Opens New York Office appeared first on Cryptonews.
The New York-based Sei Development Foundation will support the growth of the Sei protocol and advance crypto innovation in the U.S.
Sei Foundation revealed its plans to acquire 23andMe on a mission to protect the genetic data of millions of US users. 23andMe raised concerns across the US after announcing its bankruptcy.
Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.
TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.
The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.
