SEI Token Surges Following Trump-Linked World Liberty Financial’s $775K Purchase
Sei Network’s native token SEI has had a noteworthy price rise of over 27% in the past week, and is currently trading above $0.17. The spike follows a major purchase by World Liberty Financial (WLFI), a wallet connected to a Trump family-backed cryptocurrency initiative.
Trump-Affiliated WLFI Wallet Acquires 4.89 Million SEI Tokens
On April 12, WLFI added 4.89 million SEI tokens valued at around $775,000 to its portfolio, per blockchain analytics company Valhalla Intelligence. One of WLFI’s trading wallets handled the purchase using USDC taken from the main wallet of the project. Different additional altcoins have been gathered in this wallet before.
Part of WLFI’s larger investment plan, the purchase fits a wide portfolio of cryptocurrencies including Bitcoin (BTC), Ethereum ( ETH), Tron (TRX), Ondo Finance (ONDO), and Avalanche (AVAX). According to blockchain researcher Lookonchain, WLFI has thus far spent $346.8 million in 11 distinct coins.
WLFI’s Investment Portfolio Currently Underwater
Despite a highly ambitious investment plan, World Liberty Financial’s crypto portfolio has not yet made profits. Lookonchain’s research indicates that the project’s total investments are currently down by about $145.8 million. WLFI’s Ethereum investments alone seem to account for more than $114 million in paper losses.
Given Eric Trump’s February social media Ethereum endorsement, the timing of this purchase is very intriguing. In a now-edited tweet on X—formerly Twitter—he advised it was “a great time to add $ETH.” From $2,879 to about $1,611, Ethereum’s price has dropped roughly 55% in the aftermath of that advice.
SEI/USD Technical Analysis: Potential Recovery Ahead?
The recent SEI token price movement aligns with what some experts describe as a “falling wedge breakout pattern,” potentially predicting a positive reversal. Technical analyst ZAYKFX notes that although SEI may finally be breaking out from this pattern, it has been creating lower highs and low lows since November 2024.
Some analysts estimate a short-term aim at $0.34, which would represent a 100% increase from present price levels, if the present momentum keeps. Based on apparent pricing floor establishment, CryptoPatel notes notable buyer interest in the $0.13-$0.15 accumulation zone.
Derivative Markets Signal Shifting Sentiment
According to Coinglass’s funding rate data, traders’ bearish attitude is shown by SEI’s funding rate being essentially negative for the last three months. Now, though, the rate is almost neutral, which would imply a change in market dynamics as short positions close or reverse.
Key Resistance Levels to Watch
Analysts advise SEI to hold and close above $0.22, which marks a critical structural pivot, if it is to confirm its bullish trend reversal. Should this level be broken and an uptrend sustained, future resistance levels to monitor include $0.28, $0.40, and finally $1.04.
On the other hand, a failure to keep support above $0.15 may cause a retest of smaller support zones close to $0.10-$0.09. After achieving a 24-hour high of $0.1862, SEI/USD is currently trading at roughly $0.1755, hence market players are keenly monitoring whether sellers will take back control or whether buyers can sustain a bullish momentum.
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