$SEI Here are the key updates on Binance & Sei (SEI):
1. Circle becomes a major SEI investor
According to a Binance announcement, Circle disclosed in its IPO filing that it held 6.25 million SEI tokens by the end of 2024—making it SEI’s single largest holder across any crypto asset .
2. SEI sees a massive price surge
SEI is rising ~24–31% in the past 24 hours, currently trading around $0.33, with daily trading volume near $1 billion .
This rally is fueled by several catalysts:
1. Wyoming’s Stablecoin Pilot – SEI scored a perfect 30/30 in tech evaluations and is now under consideration by the Wyoming Stable Token Commission .
2. On‑chain growth – Record DEX volumes (~$327M/day) and ~60% week-over-week fee and wallet growth (8.1M wallets) .
3. SIP‑3 infrastructure upgrade – The rollout of the “Sei Giga” parallel-native EVM (sub‑400ms finality, Ethereum compatibility) is pushing investor confidence .
3. Technical analysis & market momentum
Analysts highlight a “bullish breakout” from a falling-wedge pattern, targeting resistance zones like $0.30–0.33, with potential to climb toward **$0.45+** .
Key support is holding between $0.17–0.22; next resistance is being eyed around $0.27–$0.30 .
4. Binance’s role
Binance hasn’t announced any new SEI listings or tokens, but continues to support SEI trading with:
Deposits/withdrawals active since a January 2024 network upgrade at block 53,894,102 .
Live real-time price and volume tracking, including highest daily volume and market cap rankings .
🧭 Summary: What this means for you
Catalysts: Institutional backing (Circle), U.S. regulatory interest (Wyoming), strong on-chain usage, and major network upgrades all contribute to bullish sentiment.
Price action: SEI has broken out technically and is aiming for $0.30–0.33, potentially testing $0.45 if momentum holds.
Risks: Watch support at $0.22–0.27. A breakdown below could spark a pullback toward $0.17.
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