Attention, my people! 🚨 Have you heard that Binance, one of the largest exchanges in the crypto world, is going to put a hold on deposits and withdrawals from the Sei network? Just as you heard! But don't worry, it's not to alarm you; it's for a good cause! 💪
It turns out that the Sei network is about to receive a heavy update, one of those that gives the system a massive boost! 🚀 And like any improvement work, you need to take a break to ensure everything goes flawlessly. So, starting from August 4, 2025, before block 160,945,710 hits 3:00 CEST on August 5, Binance will freeze transactions with SEI.
But watch out, don't panic. Operations within Binance with SEI and other tokens from the network remain normal. This is just to prevent people from getting into trouble with their deposits or withdrawals while the engineers work on the network. Binance is handling all the technical stuff, so you don't have to lift a finger! Once the update is ready and running like clockwork, all operations will resume! 🥳
And if you're wondering why all the fuss about Sei, let me tell you that the SEI token is like the heart of this network. You use it to stake your tokens (earning a little extra cash 🤑), to pay transaction fees, and even to vote on important protocol decisions. With 10 billion SEI circulating, a good portion of those tokens are reserved for the community and the ecosystem of the network to grow big.
So now you know, there's no need to worry, it's a strategic move for the Sei network to keep evolving and bringing us more joy in the crypto world! Stay tuned because this is getting exciting! 😉$SEI $BNB
