Donald Trump’s blockchain-focused project, World Liberty Financial, has made another strategic crypto investment, acquiring 541,242 SEI tokens. This fresh acquisition, worth $100,000 USDC at an average price of $0.185 per token, has fueled a 7.3% surge in SEI’s price, even as the broader cryptocurrency market remains in a consolidation phase.
SEI Price Rally Amidst Market Downturn
The SEI token has rebounded significantly from its recent low of $0.18, now hovering around the $0.20 mark. Notably, daily trading volume has surged by 17%, reaching over $127 million, indicating strong bullish sentiment among traders.
The investment by Trump’s DeFi venture has further strengthened market confidence in SEI, as on-chain data from Spot On Chain reveals the project’s total SEI holdings have now reached 1.089 million tokens, acquired at a cumulative cost of $225,000. However, due to recent market fluctuations, their current value stands at approximately $207,000.
Trump’s Crypto Portfolio Faces $124 Million Loss
Despite this bullish move on SEI, Trump’s overall crypto portfolio is far from profitable. Holding a total of nine different cryptocurrencies, the portfolio has an estimated loss of $124 million on its initial investment of $340 million. Market volatility and recent downturns have significantly impacted its valuation.
Technical Analysis: SEI’s Potential Breakout
From a technical perspective, SEI price action is positioning for a breakout from its descending triangle pattern on the hourly chart. If SEI manages to hold key resistance levels and gain momentum, a decisive rebound could trigger further price appreciation.
With the crypto market eagerly watching for further developments, SEI’s bullish momentum could indicate renewed investor interest in strategic altcoin investments. As Trump’s World Liberty Financial continues to make calculated moves in DeFi, its impact on the broader cryptocurrency landscape remains a key area of interest.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
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