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- WLFI adds $775K in SEI tokens, continuing its aggressive altcoin diversification now including Bitcoin, Ethereum, Tron, Avalanche, and more.
- Trump-linked stablecoin USD1 quietly appears on Coinbase, Binance, and CoinMarketCap, sparking speculation ahead of any official announcement.
- WLFI’s $346.8M investment strategy is deep in the red, with Ethereum alone accounting for a $114M loss.
World Liberty Financial (WLFI) has added 4.89 million SEI tokens, valued at roughly $775,000, to its growing altcoin portfolio, according to onchain data from Arkham Intelligence.
The acquisition, made on April 12, was executed by one of WLFI’s designated trading wallets and funded through USDC transferred from the project’s main wallet. WLFI has previously used this same wallet to purchase several other altcoins, underscoring its continued diversification strategy.
WLFI’s holdings are far from conservative. Alongside blue-chip cryptocurrencies like Bitcoin and Ethereum, the project holds a significant assortment of altcoins including Tron, Ondo Finance, Avalanche, and now Sei. While this wide-net strategy might seem ambitious, the numbers suggest otherwise.
Data from Lookonchain, a prominent blockchain analytics firm, paints a grim picture: WLFI has invested a staggering $346.8 million across 11 different tokens, yet none have turned a profit as of April 12. Ethereum alone has left a $114 million hole in WLFI’s balance sheet, with its overall portfolio down $145.8 million.
WLFI’s USD1 Drops Stealthily Amid ETH Hype
Public endorsements from the Trump family may have influenced the investment strategy. Back on February 3, Eric Trump tweeted in support of Ethereum, telling followers, “In my opinion, it’s a great time to add $ETH.” The original post included the line “you can thank me later” which was later deleted.
Currently. Ethereum is trading at $ 1,627.65 with a 24-hour trading volume of $ 24.36B and a market cap of $ 196.44B. The ETH price increased 0.11% in the last 24 hours.
Meanwhile, WLFI’s stablecoin, USD1, appears to be making its quiet debut. Though no official announcement has been made, an icon representing USD1 has surfaced on Coinbase, Binance, and CoinMarketCap, suggesting an unofficial logo reveal.
However, the stealthy rollout of USD1 is already triggering political alarms.
WLFI Faces Pressure as USD1 Falters Under Political Scrutiny
During an April 2 U.S. House Financial Services Committee hearing on stablecoin legislation, Rep. Maxine Waters (D-CA) raised serious concerns, accusing President Trump of harboring plans to replace the U.S. dollar with his own coin.
“Trump likely wants the entire government to use stablecoins, from payments made by the Department of Housing and Urban Development to Social Security payments to paying taxes. And which coin do you think Trump would replace the dollar with? His own, of course.”
“If there is no effort to block the president of the United States of America from owning his stablecoin business, I will never be able to agree on supporting this bill.”
Despite its high-profile backers and multi-million-dollar war chest, WLFI’s crypto strategy appears to be floundering under market pressure and political scrutiny. The project’s foray into SEI might reflect confidence in altcoins, but with losses mounting and the political storm intensifying, WLFI’s future and that of USD1 remain uncertain.
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