SEI Token's Remarkable June Performance đ
SEI has been on fire this month, surging over 100% while most altcoins remained quiet! Currently trading around $0.30, this Cosmos-based Layer-1 blockchain is making waves for several impressive reasons:
1. Government Recognition: Selected for Wyoming's stablecoin pilot program, beating established networks like Ethereum and Avalanche
2. Institutional Backing:
Circle (USDC issuer) revealed SEI as their largest crypto holding
Canary Capital filed for a SEI-based ETF
3. Explosive Growth Metrics:
600,000 active wallets
Nearly 30% market share in Web3 gaming
TVL reaching an all-time high of $560+ million
4. Notable Investment: Trump-affiliated World Liberty Financial purchased $1M worth of SEI (now worth $1.8M)
The 4-hour chart shows SEI maintaining strength around the $0.30 level after its recent surge, with healthy trading volumes supporting the uptrend. This combination of institutional interest, ecosystem growth, and government partnerships suggests SEI's momentum could continue
The information above is searched and summarized by AI, and does not constitute investment advice.
