Sei Price Surges 10%+ – Can It Break the $0.3 Barrier and Ride the Bull Wave?
Crypto's sleeping giant wakes up swinging. Sei (SEI) just clocked double-digit gains in 24 hours—traders are now betting it'll smash past the critical $0.3 resistance.
The breakout no one saw coming
While Bitcoin ETFs hog headlines, Sei's quietly eating market share. The Layer 1 chain built for trading just ripped through its sideways slump like a hot knife through institutional-grade margarine.
What traders aren't saying out loud
Every altcoin pump needs three things: a narrative, liquidity, and enough FOMO to make bankers roll their eyes. Sei's got two of three locked down—now watch the crypto casino crowd pile in.
Prediction? If this holds, $0.3 becomes a springboard, not a ceiling. And if not? Well, there's always another 'next Ethereum' waiting backstage.
Why is Sei price up today?
Sei is trending as one of the top two best-performing altcoins in the past 24 hours among the world’s largest cryptocurrencies by market cap.
Pudgy Penguin (PENGU), which has gained by more than 14% in the same period as of writing, tops then Sei. The price of PENGU is riding spot exchange-traded funds euphoria after Canary Capital filed its FORM S-1 registration for the Canary PENGU ETF.
The filing proposes an exchange-traded product that WOULD invest in a portfolio comprising the PENGU token and Pudgy Penguins non-fungible tokens (NFTs). However, PENGU is only up 15% in the past week and remains down 14% over the past 30 days.
Like Pudgy Penguins, Sei is also riding Optimism around spot crypto ETFs. Analysts recently said the odds of the U.S. Securities and Exchange Commission approving most of the crypto ETF filings in 2025 are high. Solana, Litecoin, XRP, and Cardano are each said to have a 95% chance.
The SEI community is similarly upbeat that the SEC will greenlight the Canary SEI ETF, which the asset manager recently filed. Additional bullish sentiment comes from stablecoin traction, with Wyoming selecting Sei for the issuance of its WYST stablecoin.
SEI hit its all-time high of $1.14 in March 2024.
