$SEI is trading at $0.2253, with a 24-hour volume of $422.2 million and a market cap of $1.25 billion, up 15.68% on the day. This breakout was kicked off by SEI’s surprise listing on Kraken, which unlocked fresh fiat and USDT liquidity; turbo-charged by the May 28 launch of its “SeiBridge” cross-chain hub on Cosmos, immediately driving a 45% jump in on-chain transfers; further buoyed by the activation of its clustered order-book upgrade v1.2—slashing gas costs by 30% and spurring a 38% uptick in DEX trading; and cemented by renewed whale accumulation withdrawing large SEI stakes from exchanges, which has tightened circulating supply and lured momentum traders back into the token.