SEI's price dropped more than 17% in 24 hours, driven by declining network activity and significant capital outflows in its Futures market. Daily transaction fees and DEX volume have fallen sharply since early June, indicating reduced usage and liquidity. The price broke a key two-month support level, with technical indicators suggesting potential further declines unless network activity and market sentiment improve. A possible reversal could occur near $0.04845 if buying interest returns and overall crypto market conditions turn positive.
Sei (SEI) token fell 7.89% on OKX, closing at $0.05811 on Oct. 22, continuing a retreat from early October highs near $0.081. The drop is not linked to any specific network change despite ongoing rollout of the Sei Giga upgrade, which aims to reach 2...
Sei Network is rapidly expanding in the real-world asset (RWA) tokenization space, with holders of tokenized assets on its chain increasing by about 24% to 2,535 in the past month. Transfer volume on the network surged 155% to $18 million, and the to...
