Trump-Linked World Liberty Fi Buys $775K in SEI Tokens, Market Surges 7.8%

World Liberty Fi, a project linked to US President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election 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%. Here is what you should know. 

Trump’s World Liberty FI Makes Crypto Move 

World Liberty Fi is a project controlled by the Trump family. Since the inauguration of Donald Trump as the US president, the project has gained immense attention. 

Currently, the total value of the project’s holdings sits at $101,084,073.28. In the last 24 hours, it has witnessed a change of +1.18%. 

According to data published on the Arkham platform, World Liberty Fi has brought SEI tokens, valued at $775,000. The purchase has been made using USD Coin.  

Why SEI? Understanding the Token’s Appeal

SEI is the native token of the Sei blockchain network, which is a highly efficient Layer 1 blockchain. It is specifically developed for decentralised finance, high-frequency trading, and real-time digital exchanges. It is known for its unmatched transaction speed.  

As Donald Trump is now one of the most influential figures in the United States, it is natural for WLF’s investment decisions to gain extraordinary market attention.   

The SEI community has responded positively to WLF’s decision to purchase SEI tokens.  

The move could be seen as a signal of strategic positioning in the crypto space by World Liberty Fi.  

SEI Price Outlook: What Analysis Say 

Until recently, the SEI market had been in a bearish zone. In the last one year, the market has plummeted by over 75.9%. In the last 30 days, the market has dropped by 12%. In the last 14 days alone, the market has declined by 14.4%. 

At the start of this month, the price of SEI was $0.1720. Since then, the market has slipped by 4.36%. On April 7, the price touched as low as $0.1293.

However, on April 6, strong buying pressure emerged in the SEI market. On that day alone, the market grew by over 10.52%. 

Even though sellers regained control of the market on April 10, they were only able to cause a small correction of 4.11 – far lower compared to April 6’s massive growth. 

In the last 24 hours, the SEI price has witnessed a rise of 7.8%. In the last one hour alone, the market has climbed by 3.4%. 

In conclusion, Trump-affiliated investments in SEI could trigger increased confidence in the project, especially from institutional investors. If World Liberty FI continues its crypto activity, SEI might experience stronger demand and visibility in the coming weeks. However, broader market conditions and global sentiment will still play a key role in determining the long-term performance of the token.