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The Coin Rise 2025-04-14 09:05:08

Trump-Linked WLFI Buys $775K in SEI as USD1 Sparks Political Alarm

Trump-Linked WLFI Buys $775K in SEI as USD1 Sparks Political Alarm

World Liberty Financial (WLFI)—a crypto venture backed by the Trump family —has added nearly 4.89 million SEI tokens to its holdings. Valued at approximately $775,000, the purchase was executed on April 12 using USDC, according to onchain data from Arkham Intelligence. The SEI acquisition was made by one of WLFI’s active trading wallets, which has previously been used to amass a wide range of tokens. WLFI’s current portfolio is broad, featuring staples like Bitcoin and Ether, alongside a mix of altcoins including Tron (TRX), Avalanche (AVAX), Ondo Finance (ONDO), and now Sei. Yet despite the diversification, performance is lagging. Data from blockchain analyst Lookonchain reveals that WLFI has spent a total of $346.8 million across 11 tokens—without turning a profit on any. Its Ethereum exposure alone is down over $114 million, with the full portfolio reportedly underwater by $145.8 million. A Social Media Misfire The poor timing of some investments has drawn attention, especially after Eric Trump’s controversial February 3 post on X, where he encouraged followers to buy Ether. “In my opinion, it’s a great time to add $ETH,” he wrote. The original version of the post included the phrase “you can thank me later,” which was later deleted . Unfortunately for those who followed the suggestion, ETH has since nosedived. At the time of writing, Ethereum is trading at $1,611—down a staggering 55% from its $2,879 close on the day of Eric’s tweet, according to CoinGecko. WLFI’s Stablecoin USD1 Raises Red Flags Meanwhile, WLFI’s dollar-pegged stablecoin, USD1, is beginning to gain visibility. Its logo has quietly surfaced on Coinbase, Binance, and CoinMarketCap—fueling speculation about a possible launch campaign. But the political response has been far from quiet . During an April 2 hearing, Representative Maxine Waters accused Donald Trump of plotting to push USD1 as a replacement for the U.S. dollar in federal transactions, from Social Security to tax payments. Republican Representative French Hill echoed those concerns, warning that any legislation permitting a sitting president to control a stablecoin could be disastrous. “We must not allow policy to be shaped around personal financial gain,” Hill said. As WLFI’s influence grows, so does the political scrutiny —and with it, the tension over who controls the future of money. The post Trump-Linked WLFI Buys $775K in SEI as USD1 Sparks Political Alarm appeared first on TheCoinrise.com .

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