SEI Token Surges 11% After Wyoming Stablecoin Pilot Selection, Network Activity and TVL Soar

SEIUSDT experienced an 11.27% price increase over the last 24 hours, rising from 0.2645 to 0.2943 on Binance. This surge is primarily attributed to SEI being selected as the blockchain infrastructure for Wyoming’s state stablecoin pilot, which significantly boosted investor sentiment and led to a sharp increase in network activity and institutional interest. Additional drivers include SEI’s recognition as one of the most searched assets on Binance, a notable rise in active addresses, and a substantial increase in total value locked on the network.

Currently, SEI is trading at 0.2943 with a robust 24-hour trading volume of $590 million and a market capitalization of approximately $1.6 billion, reflecting strong market engagement and heightened attention from both retail and institutional participants.