SEI Token Surges 4.86% as Daily Transactions Hit 1.6M and Stablecoin Pilot Boosts Demand

SEIUSDT has experienced a 4.86% price increase over the last 24 hours, with the current price at $0.3002 (Binance data). This upward movement is primarily attributed to heightened on-chain activity, including SEI network’s record of over 1.6 million daily transactions and increased engagement from DeFi and gaming projects such as World of Dypians, Nika Labs, and Dragon Slither. Additionally, positive sentiment was reinforced by SEI’s selection as a candidate blockchain for Wyoming’s fiat-backed stablecoin pilot, which contributed to renewed investor interest and robust trading activity. SEI’s 24-hour trading volume stands at approximately $379 million, with a market cap between $1.64 billion and $1.69 billion, and the token is ranked #64 by market capitalization. Short-term sentiment remains bullish, but resistance around the $0.31–$0.33 range may limit further immediate gains.