Latest WLFI Altcoin Purchase: Is SEI the New MAGA Coin?
The portfolio of World Liberty Financial (WLFI), a cryptocurrency initiative supported by the Trump family, has grown by 4.89 million SEI tokens, which are worth $775,000. According to information provided by blockchain analytics company Arkham Intelligence, one of WLFI’s trading wallets made the transaction on April 12 using USDC and was moved from the project’s primary wallet. In the past, WLFI used this trade wallet to amass more altcoins.
Massive WLFI Crypto Losses: Is Diversification in Altcoins Backfiring?
Bitcoin, Ether, and a greater variety of altcoins, including Tron, Ondo Finance, Avalanche, and now Sei, are all part of WLFI’s diverse portfolio. Blockchain researcher Lookonchain claims that WLFI has invested $346.8 million in the acquisition of 11 distinct tokens, but as of April 12, it has not made any money off of any of them. Just the Ethereum investments made in the project have lost more than $114 million as of right now. According to Lookonchain, WLFI’s portfolio has lost $145.8 million overall.
Ethereum Price Tanks Post Eric Trump Endorsement
Eric Trump, the son of Donald Trump, encouraged his followers to purchase Ether just two months ago in a February 3 X post.
In my opinion, it’s a great time to add $ETH.
Eric Trump
“You can thank me later” was also included in the original tweet. However, those five words were removed after editing. Since Eric Trump’s tweet, the price of Ethereum has dropped about 50%, according to CoinGecko data as of this writing. It is currently trading at $1,637, down from its close of $2,879 on February 3.
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