### Impressive Performance of SEI Token in June 🚀
SEI has been on the rise this month, soaring over 100%, while most altcoins remained calm! Currently trading around $0.30, this layer-1 blockchain based on Cosmos is attracting attention for several impressive reasons:
1. Government Recognition: Selected for a stablecoin pilot program in Wyoming, surpassing well-known networks like Ethereum and Avalanche
2. **Institutional Support**:
- Circle (issuer of USDC) revealed that SEI is their largest cryptocurrency asset
- Canary Capital has applied for an ETF based on SEI
3. **Explosive Growth Metrics**:
- 600,000 active wallets
- Nearly 30% market share in Web3 gaming
- TVL reached an all-time high of $560+ million
4. Notable Investments: Trump-related company World Liberty Financial acquired SEI for $1 million (now valued at $1.8 million)
The 4-hour chart shows that SEI maintains strength around the $0.30 level after a recent spike, with healthy trading volumes supporting the upward trend. This combination of institutional interest, ecosystem growth, and government partnership suggests that SEI's momentum may continue.