SEI Token Jumps 10% After Wyoming Stablecoin Pilot Selection, On-Chain Volume Soars 130%

SEIUSDT experienced a 10.42% price increase over the last 24 hours, rising from 0.2024 to 0.2235 on Binance. This surge is primarily attributed to SEI Network’s selection as a finalist by the Wyoming Stable Token Commission for the state’s USD-backed stablecoin pilot (WYST), where it ranked above several major blockchains. The announcement of SEI’s involvement in the WYST pilot, combined with a bullish technical crossover and a 130% increase in on-chain transaction volume, has driven renewed investor interest and strong market momentum. SEI is currently trading at 0.2235 with a 24-hour trading volume of $120 million and a market capitalization of approximately $1.65 billion, marking it as one of the top-performing cryptocurrencies in the market on June 21, 2025.