World Liberty Financial, the crypto venture backed by U.S. President Donald Trump’s family, purchased $775,000 worth of SEI tokens as its altcoin accumulation strategy keeps going.
The move was funded with USDC transferred from the project’s main wallet to a trading wallet that has been used in prior altcoin buys, according to fresh data from Arkham Intelligence.
The SEI purchase adds to a growing portfolio that includes not only the top two cryptocurrencies, bitcoin (BTC) and ether (ETH), but also TRX, movement (MOVE), ondo (ONDO) and various other tokens.
World Liberty Financial recently denied selling ether or any of its other positions after reports suggested a wallet belonging to the project sold around $8 million worth of the second-largest cryptocurrency.
The price of SEI jumped after the move was reported and is up more than 27% over the past week as a result to now trade at $0.178 per token.