Trump-Linked Crypto Project WLFI Invests $775K in SEI, Continues Altcoin Accumulation

According to on-chain data from Arkham, Trump-linked crypto project WLFI acquired SEI tokens worth $775,000 at approximately $0.158 each on April 13. This marks the third time in the past two months that WLFI has increased its holdings in SEI.

On-chain analyst @EmberCN reports that over the last two months, WLFI has spent a total of 1 million USDC across three transactions to purchase 5.983 million SEI tokens, with an average price of $0.167. Currently, SEI, along with TRX and AVAX, are the only three tokens in WLFI's portfolio of 11 cryptocurrencies that are not incurring losses.

Sei is a Layer-1 blockchain focused on high-performance trading. Since its mainnet launch in 2023, it has gained prominence in DeFi and on-chain trading scenarios due to its low latency and high throughput. It has attracted investments from several companies, including Multicoin Capital, Coinbase Ventures, OKX Ventures, and Foresight Ventures.

According to @EmberCN's analysis, WLFI's decision to purchase SEI is likely related to the recent operational focus of the Sei Foundation. The foundation has established a development fund in Manhattan, USA, aiming to provide critical resources and support for builders while engaging with US policymakers to foster a pro-innovation environment. This makes the Sei Foundation one of the few crypto ecosystems registered as a non-profit organization in the US, indicating its expansion into the US market and compliance with US regulatory frameworks.

The acquisition of SEI is part of WLFI's altcoin accumulation strategy. In addition to SEI, WLFI's investment portfolio includes other promising altcoins such as TRX, MOVE, ONDO, and AVAX.

This purchase was executed by transferring USDC from WLFI's main wallet to a trading wallet, with clear fund flows, demonstrating the project's confidence in SEI. As of press time, according to Coingecko data, SEI is priced at approximately $0.1747, with a market capitalization of about $852 million. Over the past week, SEI's price has increased by 31.4%.