EVM users drive SeiNetwork wallet growth above 400,000 daily.
$SEI chart structure resembles $SUI before its massive rally.
Fibonacci levels suggest $SEI could target the $4 range.
Since March 2025, SeiNetwork has experienced a sharp increase in user activity. Daily wallet creations have surged, pointing to rising adoption. Price movement now mirrors patterns seen before previous major rallies. Analysts say this momentum could mark a critical turning point for $SEI.
Daily Wallet Creations Pass 400K, Driven by EVM Users
Meanwhile, Analyst Lennaert Snyde reported a major spike in wallet creations on the SeiNetwork. Since March, new wallets have exceeded 400,000 per day, with EVM users (in blue) contributing the majority. Earlier in the year, Cosmos users (in red) had added wallets at lower rates.
The data also shows a green U-shaped trendline, reflecting a strong recovery and steep growth in recent weeks. EVM compatibility is a major factor attracting new users to the network. The consistent rise in wallet activity highlights growing user engagement and broader adoption.
This acceleration positions SeiNetwork as an emerging player within the Layer 1 blockchain ecosystem. Analysts note that the platform is now drawing attention from users across different chains. The sharp increase in wallet generation suggests Sei is gaining real traction.
$SEI Price Pattern Mirrors $SUI Before Major Rally
Analyst Ali Martinez pointed to $SEI’s current chart pattern, which closely mirrors $SUI’s setup prior to its breakout. On August 6, 2025, Martinez shared the analysis via TradingView, marking a key spot on the chart labeled “We’re here.” He suggested this point could represent the final dip before a rally.
$SEI is showing the same price structure as $SUI. And, this could be the very last dip before a monster bull rally to $4! pic.twitter.com/JZilgxU1Kl
— Ali (@ali_charts) August 5, 2025
Fibonacci levels were used to outline a potential path, with a target toward the $4 level if the pattern continues. The visual and timing similarities between $SEI and $SUI have led traders to monitor the price action closely.
This technical setup has prompted expectations of a possible upward breakout. At the time of writing, $SEI is priced at $0.2939, showing a 2.78% increase over the past 24 hours.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post $SEI Wallets Soar Past 400K Daily as Price Eyes $4 Mark first appeared on Coin Crypto Newz.</p>
