SEI Token Surges 8.4% as Wyoming Stablecoin Pilot, ETF Proposal, and TVL Milestone Drive Momentum

SEIUSDT has experienced notable price volatility in the past 24 hours, with the price rising 8.43% to $0.2869 (Binance data), following a 24h open of $0.2646. This upward movement is primarily attributed to SEI being shortlisted as a candidate blockchain for the Wyoming stablecoin pilot, which significantly boosted investor sentiment and trading activity. Additional drivers include the announcement of a version 2 airdrop snapshot, rising staking rewards, and substantial increases in total value locked (TVL) within the Sei ecosystem, now surpassing $500 million. Institutional interest has also grown, highlighted by a recent ETF proposal, further supporting the price rally. SEI currently maintains a strong market cap around $1.52–$1.53 billion and high 24-hour trading volume of approximately $560 million, reflecting robust market engagement and continued momentum following a sharp rally over the past week.