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World Liberty Financial has triggered a short-lived surge in $SEI price after purchasing $775K worth of the token, briefly lifting it 20% before momentum stalled at key resistance.
According to blockchain analytics firm Arkham Intelligence, World Liberty Financial ($WLFI) has acquired 4.89 million Sei ($SEI) tokens worth $775K. The purchase was made on April 12 by a $WLFI trading wallet, funded with USD Coin (USDC) from the project’s main wallet.
With this purchase, $SEI joins a growing list of altcoins $WLFI currently holds in its portfolio, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX), Ethena (ENA), Movement (MOVE), Chainlink (LINK), Wrapped Bitcoin (WBTC).
According to Lookonchain, $WLFI has invested a total of $346.8 million across 11 tokens.
In response, $SEI price surged by 20% by the day’s close, opening at $0.15 and closing at $0.18, its highest price since 29 March.
However, the daily chart shows clear and extended downtrend that began in early December last year. From that point, $SEI consistently made lower highs and lower lows, with each rally being weaker than the last. Throughout this period, $SEI has remained below the 20-day Exponential Moving Average, with every attempt to break above it being short-lived.
$WLFI’s $775K Sei purchase lifts $SEI price 20% before stalling at resistance - 1"> Currently, $SEI price is hovering just above a horizontal support level around $0.17, trading at $0.1773 at press time. This level has seen multiple interactions recently, suggesting it’s a meaningful zone where buyers are stepping in to halt further declines, at least temporarily. Plus, with breaking above $0.18 on the $WLFI purchase news, the price has now climbed above the 20-day EMA, although it remains to be seen whether this will hold. If the $0.17 support breaks, the next level to watch is $0.15.