According to analysts, World Liberty Financial (WLFI), a crypto project linked to the family of former US President Donald Trump, has faced unrealized losses of about $145 million. According to Lookonchain, the startup spent about $350 million to buy various cryptocurrencies, but these assets are currently valued at only $200 million.
The project’s website presents Donald Trump as the “chief human rights defender,” and his sons, Eric and Donald Jr., are listed as “web3 ambassadors.” The youngest son, Barron, received the symbolic title of “DeFi visionary.”
WLFI has acquired a significant portfolio of digital assets, including cryptocurrencies such as Ethereum (ETH), Tron (TRX), Chainlink (LINK), Aave (AAVE), Ethena (ENA), Movement (MOVE), Sei (SEI), Ondo (ONDO), Mantle (MNT), Avalanche (AVAX), and WBTC (wrapped Bitcoin). The project’s most recent major acquisition was the purchase of 4.89 million SEI for $775,000 over the weekend, according to Arkham Intelligence.
Sei Network is a layer-one blockchain focused on developing cryptocurrency trading applications. The project’s team includes former Goldman Sachs, Databricks, Robinhood, Google, and Nvidia professionals. The SEI token was launched in August 2023, and its first-day trading volume exceeded $1.6 billion, surpassing coins such as XRP, BNB, and Dogecoin.
As of April 14, SEI has a market cap of $883 million, ranking it 67th among all cryptocurrencies. Its current price is about $0.18, down 84% from its all-time high of $1.14 in March 2024. According to blockchain data, WLFI currently holds about 5.9 million SEI.
The project’s worst-performing investment was Ethereum. In February, Eric Trump said ETH at $2,800 was a “great opportunity to get in,” but it has since fallen to $1,500, its lowest in two years.
Eric Trump says his family’s interest in cryptocurrencies began after traditional banks cut off their access to finance due to political pressure. He argues that digital assets offer greater transparency, speed, lower fees, and freedom from “cancellation” by financial institutions.