SEI Token Jumps 12% Amid Geopolitical Tensions, Hits $1.01B Market Cap Despite Bearish Outlook

SEIUSDT has experienced a notable 12.13% price increase over the past 24 hours, rising from 0.1674 to 0.1877, with this surge primarily attributed to increased geopolitical tensions as reported across social media and news sources. Despite this short-term upward momentum, recent analyses indicate a generally bearish outlook for the near future, with forecasts suggesting a potential retrace in the coming days. Current market data shows SEI trading at 0.1877 with a 24-hour trading volume of approximately $137 million and a market capitalization near $1.01 billion, positioning SEI among the top 70 cryptocurrencies by market cap.