World Liberty Financial (WLFI) has sparked a brief but notable surge in SEI price after acquiring 4.89 million SEI tokens worth $775,000, according to data from Arkham Intelligence. The move, executed on April 12, sent SEI’s price climbing 20%, marking its highest close since March 29—before momentum stalled at a key technical resistance level.
WLFI Adds SEI to Its Expanding Crypto Portfolio
The SEI purchase was made by a WLFI trading wallet, funded with USD Coin (USDC) from the project’s main wallet. With this acquisition, SEI joins an expanding list of altcoins held by WLFI, which already includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tron (TRX)
- Ondo Finance (ONDO)
- Avalanche (AVAX)
- Ethena (ENA)
- Movement (MOVE)
- Chainlink (LINK)
- Wrapped Bitcoin (WBTC)
According to blockchain tracking service Lookonchain, WLFI has now deployed a total of $346.8 million across these 11 tokens, positioning itself as a major player in the altcoin investment space.
SEI Price Action: A Surge Meets Resistance
SEI opened the day at $0.15 and surged to $0.18 by the close—an intraday increase of 20%—immediately following the news of WLFI’s purchase. At the time of writing, SEI is trading at $0.1773, just above a horizontal support zone around $0.17.
Despite the bullish spike, technical indicators remain mixed:
- SEI is in a long-term downtrend that began in December 2024, with consistent lower highs and lower lows.
- Price had been trading below the 20-day Exponential Moving Average (EMA) for weeks, with each rally failing to sustain.
- However, the latest move pushed SEI above the 20-day EMA, suggesting a potential shift in short-term momentum.
Whether this level holds could determine the next directional move. If the $0.17 support fails, a return to the $0.15 level is likely. Conversely, a break above $0.18 with volume could signal a reversal of the broader downtrend.
Final Thoughts
WLFI’s aggressive strategy in acquiring altcoins like SEI reflects its broader ambition to influence and capitalize on emerging digital assets. While SEI’s price reacted positively to the influx of capital, technical patterns suggest that sustained bullish momentum will depend on broader market sentiment and the ability to hold above key resistance levels.
As WLFI continues to expand its on-chain presence and allocate capital across strategic tokens, its influence over market dynamics especially among lower-cap altcoins will be closely watched.
