- SEI surged 90% in a week, hitting $0.30, with World Liberty gaining 80% unrealized profit.
- Bullish divergence above $0.25 and $0.40 target sparked technical buying across the SEI market.
- On-chain growth drove demand; USDC supply hit $225M, and derivatives volume soared 92% to $2.66B.
SEI has emerged as a standout performer in the cryptocurrency market, registering an extraordinary 90% rally over the past seven days. In the last 24 hours alone, the token surged 8%, outperforming even Bitcoin. At the time of writing, SEI trades near $0.30, drawing investor enthusiasm worldwide.
The surge gained serious traction after Lookonchain revealed a strategic investment by World Liberty, a Trump-associated entity. They acquired 5.98 million tokens for $1 million. With prices skyrocketing, their holding is now valued at $1.8 million, reflecting an 80% unrealized profit, fueling speculation about deeper political and financial connections.
Also Read: Sei Price Explodes 28%, Breakout Targets $1 Zone and $1.57 Top
SEI Targets $0.40 After Bullish Divergence
According to crypto analysts, Sei confirmed a bullish divergence on the weekly chart by breaking above $0.25. The technical move triggered strong buying sentiment. Experts suggest that the token may next target the $0.40 resistance level, which could act as a stepping stone toward the ambitious $1 mark.
Market sentiment also improved due to macro events, such as the temporary ceasefire between Israel and Iran. This geopolitical calm encouraged risk-on trading behavior. Analysts believe the reduced fear index contributed to SEI’s breakout, especially as the crypto market seeks strong altcoin contenders.
Ecosystem Growth and Rising On-Chain Activity
The Sei blockchain ecosystem is also experiencing rapid expansion. According to DeFiLlama, USDC supply on this token has exploded from just $1.2 million in March to $225 million currently. Such sharp growth signals expanding utility and trust in the protocol, further driving token demand.
A major boost came when the Wyoming Stable Token Commission (WSTC) selected Sei for the first-ever U.S. state-backed stablecoin. This move of the U.S. institutions gave additional credibility and made the project also the subject of regulatory ease, which indicates the mainstream integration.
CoinGlass data highlights the derivatives market frenzy. Open Interest climbed to $310 million, and trading volume jumped 92% to $2.66 billion. The long/short ratio stands at 1.019, signifying that the market is very bullish. Moreover, $4.99 million in shorts were liquidated, adding fuel to the ongoing price rally.
Also Read: Stablecoin Liquidity Hits $250 Billion: Is a Massive Altcoin Rally Next?
