A few days after its launch, the newest cryptocurrency project to trend on Crypto Twitter (X) has been deemed a “fiasco” amid massive frustration related to a promised airdrop of new tokens to investors who bridged Ethereum (ETH), Solana (SOL), and Binance Smart Chain (BNB) to the Sei Network (SEI).
The company behind the project, Sei Labs, announced the mainnet launch on August 15, and one day later SEI registered over 3,000% value appreciation in 24 hours. Being listed in major exchanges such as Binance, Bybit, Bitget, and Coinbase (NASDAQ: COIN).
Besides the listings, the team promised to reward “pioneering users of blockchain technology from across many ecosystems”, in order to make “a truly cross-chain airdrop”, as posted.
However, the lack of details on how the claiming process would work, caused frustration to arise when investors’ expectations weren’t fulfilled — facing a further announcement of a “warmup period”, before SEI tokens were really distribute
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