SEI ETF Filing Sparks 40% Rally as it Becomes #2 EVM Chain—$0.30
1Layer-1 blockchain
SEI
SEI ETF filing sparks 40% rally to $0.28 as blockchain becomes #2 EVM chain with 8.1M users and TVL rockets 24% to $535M.
Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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Sei ($SEI) has delivered an explosive 40% surge after decisively shattering the $0.20 psychological resistance level.
In the aftermath of the Iran-Israel ceasefire developments, cryptocurrency markets experienced a swift rebound, with nearly every top-100 token staging remarkable recoveries.
However, SEI has unexpectedly spearheaded this market-wide rally, surging from a session low of $0.194 to peak at $0.2872, before consolidating at $0.2799 during current trading.
This dramatic price movement was accompanied by exceptional trading volume exceeding $784 million, a staggering 254% increase from the prior session, representing nearly 50% of SEI’s $1.55 billion market capitalization.
SEI Conquers No. 2 EVM Spot With 8.1 Million Users AS TVL Rockets 24% to $535M.
Market participants have largely credited SEI’s outstanding performance to renewed attention surrounding the May SEI ETF application submitted by Canary Capital.
The Sei Network emphasized that securing ETF approval would serve as a catalyst for widespread blockchain adoption and increased demand for the underlying SEI token, drawing...
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