What's Driving SEI Prices as Token Soars 50% in a Week
Sei’s native token, SEI SEI, has jumped more than 50% in the past week, beating all other top-100 tokens by market cap as analysts pointed to a “multifactor rally” behind the spike.
“We think SEI just delivered one of the cleanest multi-factor rallies we’ve seen this year — up 45% intraday on 4x average volume. And there were three solid drivers behind it,” analysts at B2BINPAY told CoinDesk in an email.
“Wyoming named SEI as the settlement layer for its dollar pilot, giving it institutional credibility. Then came the v2 airdrop snapshot and a 9% staking APY bump from core validators,” they added.
The Wyoming Stable Token Commission last week shortlisted Aptos and Sei for its stablecoin pilot program, giving Sei a 30 point score based on metrics such as transactions per second, fees and transaction finality.
WYST is Wyoming’s proposed state-backed stablecoin, pegged to the U.S. dollar and developed in collaboration with LayerZero, a cross-chain crypto protocol.
The 50% weekly rally shows savvy capital flow. On-chain flows into centralized crypto exchanges (CEX) reached over $3 million while perpetual swap open interest increased by only 9% and funding remained steady — suggesting organic, spot-led buying.
DeFiLlama data shows the total value locked (TVL) on Sei topped $540 million, having risen steadily since January, with Sei-based decentralized exchange (DEX) volumes crossing $60 million for the first time on Wednesday.
(DefiLlama) The question is whether the capital will stay. B2BinPay warned that if funding rates climb above +0.05% or open interest outpaces spot, it could be a sign of leverage is creeping in — a point where bullish bets may be deemed overextended.
However, with fundamentals aligning and on-chain flows remaining clean, the momentum could easily extend into July, the firm concluded.
The recent 50% surge in SEI token prices within a week underscores the growing confidence of investors and potential real-world applications that may fuel its ongoing upward trajectory.
The unprecedented 50% weekly surge in this particular token's SEI price demonstrates a striking market adoption and investor interest, signaling the beginning of an exciting new trend or possibly recording another peak within its rapid growth cycle.
This recent 50% surge in the SEI token's price within a week underscores how rapidly sentiment and valuations can transform amidst broad market optimism, demanding further examination of underlying drivers fueling this upward trend.
The spectacular 50% weekly surge in SEI’s token value underscores the mounting buzz and unbridled enthusiasm within decentralized finance, mirroring an elevated level of adoption amidst ever-growing institutional interest.
The sudden 50% surge in token value within a week ignores the fundamentals and appears to be fueled by speculative fervor, which could lead abruptly when investor interest fades.
