SEI Token Drops 7.25% After 90% Weekly Surge Amid $995M Volume and Ecosystem Growth

SEIUSDT experienced a 7.25% price decline over the past 24 hours, dropping from an open of $0.3008 to $0.2790 on Binance. This pullback follows a period of significant gains, including a 90% weekly surge driven by increased on-chain activity, major ecosystem developments such as a 200% rise in Total Value Locked to $542.17 million, and heightened investor interest linked to ETF filings and SEI’s selection by the Wyoming Stable Token Commission. The recent correction appears to be a reaction to profit-taking after the rapid rally, as well as forecasts from multiple sources suggesting a potential retracement toward $0.23 by the end of June. Despite the short-term decline, SEI remains actively traded with a 24-hour volume near $995 million and a market cap of approximately $1.59 billion, reflecting ongoing volatility and strong market engagement.