World Liberty Financial (WLFI), a crypto project linked to the Trump family, continues to aggressively expand its crypto assets despite significant financial losses.
SEI Acquisition and WLFI Portfolio
WLFI purchased 4.89 million SEI tokens for $775,000, according to data from Arkham Intelligence. The transaction was executed on April 12 and funded through USDC transferred from its main treasury. After this acquisition, the number of tokens in WLFI's portfolio reached 11, including cryptocurrencies such as Bitcoin and Ethereum.
Financial Losses and Crypto Market
According to blockchain researcher Lookonchain, WLFI has already spent approximately $346.8 million on crypto assets but currently faces an unrealized loss of around $145.8 million. Notably, its Ethereum position alone has reportedly declined over $114 million. This situation has been exacerbated by a post from Eric Trump urging investment in ETH, which led to a 55% price drop.
Political Ramifications and WLFI's Future
WLFI's stablecoin, USD1, has attracted political scrutiny in Washington. During a recent hearing on stablecoin legislation, Representative Maxine Waters expressed concerns that Trump may try to replace the dollar with his stablecoin for federal programs. Given the increasing losses and regulatory pressure, WLFI's future remains uncertain.
WLFI's investments in cryptocurrency continue, yet the market situation remains challenging, raising questions about potential profitability and political influence on financial mechanisms.
