World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, has added 4.89 million SEI tokens to its portfolio. The purchase, valued at approximately$775,000, was made by using USDC transferred from the project's main wallet.

The move increases WLFI's growing collection of altcoins, which includes Bitcoin (BTC), Ether (ETH), and Tron (TRX). WLFI's total portfolio now includes 11 different tokens, amounting to over$346 million in investments.

Despite this large accumulation, the project has yet to realise any profits, with its portfolio currently down by$145.8 million. Its Ethereum holdings have suffered a particular blow, with losses exceeding$114 million.

The SEI acquisition comes amid growing speculation surrounding the Trump family's involvement in the crypto market. WLFI's proposal for a USD1 stablecoin has raised concerns among lawmakers about its potential to replace the US dollar in federal transactions.

Would you like to learn more about AI, tech and digital diplomacy? If so,ask our Diplo chatbot!