Trump’s Crypto Venture Acquires Altcoin, SEI Prices Surge

Donald Trump’s World Liberty Financial (WLFI) crypto project has made a significant investment in SEI, an altcoin blockchain platform aiming for faster transactions and lower fees. On-chain data reveals that WLFI purchased 4.89 million SEI tokens worth $775,000 USDC at an average price of $0.158 per token. SEI’s price surged by 13% in the last 24 hours after this purchase, reaching a market value of $853 million. This follows recent claims that WLFI had disposed of significant amounts of Ethereum due to the crypto crash. However, WLFI officials denied these allegations.