The SEI token demonstrated a significant price increase in the cryptocurrency market following a $125K purchase by World Liberty Financial.
SEI Token Price Dynamics
Today, the SEI token price increased by around 12%, appearing among the top gainers on CoinMarketCap. At the time of writing, SEI is trading at $0.2506, reflecting a 12% growth in its market cap, which has reached $1.16 billion. A major increase in 24-hour trading volume by 124% is the primary driving force behind the SEI token's price surge.
World Liberty Financial's Purchase
According to the on-chain analytics platform Onchain Lens, World Liberty Financial purchased $125K worth of SEI tokens, acquiring a total of 547,990 SEI tokens at an average price of $0.228. This purchase added SEI to World Liberty Financial's existing crypto token reserve, which includes Aave, LINK, ENA, ETH, and wBTC. Additionally, the same WLF wallet withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens.
Current Market Situation
Despite the current surge, the SEI token is trading significantly below its ATH of $1.14 recorded in 2024. The token price witnessed weekly and monthly changes of +7% and -27% respectively. World Liberty Financial's interest in acquiring the token might spark a new bullish trend.
World Liberty Financial's purchase of SEI tokens marked a significant price spike, resulting in substantial market activity. Such interest from major financial organizations could serve as a catalyst for further market shifts.
