SEI Token Jumps 4.91% as Wyoming Stablecoin Project and EVM Focus Drive $417M Surge

SEIUSDT experienced notable price movement in the past 24 hours, with the price rising 4.91% to $0.2884 (Binance data). This increase is primarily attributed to SEI being selected by the Wyoming Stable Token Commission as a candidate blockchain for the state’s stablecoin project, which drove a surge in trading activity and positive sentiment. Additional contributing factors include significant growth in SEI’s DeFi and gaming ecosystems, and proposals to focus the blockchain entirely on EVM compatibility. Despite recent profit-taking by large holders and some short-term volatility, SEI maintains strong engagement, with 24-hour trading volume reaching approximately $417.5 million and a market capitalization near $1.49 billion, ranking #54 globally.