SEI Token Surges 10% After Wyoming Stablecoin Pilot, ETF Filing, and Record On-Chain Activity

SEIUSDT experienced a notable price increase of 10.18% in the past 24 hours, rising from a 24h open of $0.2545 to $0.2804 on Binance. This surge is primarily attributed to significant recent developments, including SEI being shortlisted by the Wyoming Stable Token Commission as a settlement layer for the state’s stablecoin pilot, which has driven heightened institutional and retail interest. Additional momentum came from Canary Capital’s filing for a staking-enabled SEI ETF and a marked increase in on-chain activity, with total value locked reaching a record high and SEI ranking among the top 15 blockchains by decentralized exchange volume. The current market capitalization stands at approximately $1.52–$1.53 billion, with 24-hour trading volume around $560 million, reflecting robust liquidity and strong investor engagement amid ongoing bullish sentiment and elevated volatility.