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Sei (SEI) token drops 7.89% amid ongoing Giga upgrade rollout, no clear cause for decline.

Protocol Fundamentals
23 Oct 2026
Tokenpost
View Source
Bearish
Sei (SEI) token drops 7.89% amid ongoing Giga upgrade rollout, no clear cause for decline.

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 200,000 transactions per second. The upgrade phases include Eidos (storage) already on mainnet, with Ares (execution) and Autobahn (consensus) planned for future releases. Meanwhile, Sei's DeFi total value locked stood at about $31.5 million, and real-world asset holdings reached $291.1 million across 2,557 addresses as of Oct. 23. These figures highlight ongoing network activity but do not explain the recent price decline.

Sei (SEI) trades at Rp1.044 on Pluang as of Oct 24, 2026 01:05 WIB, showing a 1-day gain of 0.89%. The market cap stands at Rp8,05 trillion with a 24-hour volume of Rp544,02 million. Buy orders dominate at 90%, and the typical hold time is 44 days, indicating steady investor interest despite recent price fluctuations.

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