SEI (Sei) is ripping higher. The token soared over 42% in the past 24 hours, catapulting its market cap from $1.08 billion to $1.54 billion, with intraday highs stretching even further to $1.57 billion before retracing into a tight consolidation band between $0.277 and $0.285.
Sei 1-day price chart. Source: Finbold
It appears the primary driver behind the explosive move appears to be renewed market enthusiasm surrounding an ETF filing submitted by Canary Capital. The asset manager’s proposal for a SEI ETF quietly lodged in May has begun circulating more widely among investors this week.
If approved, the fund would represent a landmark step toward institutional access, potentially positioning SEI as one of the first smaller-cap Layer 1 tokens to make the leap into mainstream finance infrastructure.
Sei Network acknowledges ETF potential
The Sei Network itself has acknowledged the ETF’s transformative potential, noting that approval could serve as a demand catalyst and
We współpracy z: https://finbold.com/sei-rockets-42-in-a-day-heres-why/
