SEI Token Surges 33% on Binance After Wyoming Stable Token News and Record DeFi Activity

SEIUSDT experienced a significant price increase of 33.74% in the last 24 hours, rising from 0.2027 to 0.2711 on Binance. This sharp price movement is primarily attributed to SEI’s selection as a candidate blockchain for the Wyoming Stable Token (WYST) initiative, which boosted investor confidence, as well as record on-chain activity including a weekly DEX trading volume high of $263 million and a surge in daily transactions and active addresses. Additional momentum was generated by the launch of new DeFi products, such as Solv Protocol’s AI-powered Bitcoin yield offering on Sei Network, and the absence of token unlocks, which contributed to market optimism. SEI is currently trading at 0.2711 with strong trading volume and a market cap above $1 billion, outperforming broader market trends despite recent monthly and yearly declines, and remains under close watch due to its technical strength and ecosystem growth.