Within a mere 24 hours, SEI's trading volume reached a remarkable $1.3 billion, with a fully diluted valuation matching $2.7 billion.
In Brief
As Sei’s network mainnet launched, its native token, SEI, made its debut on several major exchanges including Binance, Bybit, Huobi, and Kraken yesterday.
The token's trading volume reached an astounding $1.3 billion, with a fully diluted market cap estimated at $2.7 billion over the span of 24 hours.
A significant portion of SEI's trading volume, nearly 50%, came from Upbit, a leading South Korean exchange, with Binance following closely behind.
When Sei’s Layer-1 blockchain’s mainnet launched On the day of the mainnet launch, SEI was concurrently listed on top exchanges like Binance, Bybit, Huobi, and Kraken.
In an impressive display of trading activity, SEI surpassed $1.3 billion in trading volume within 24 hours, while enjoying a fully diluted market capitalization of $2.7 billion. CoinGecko As reported by CoinGecko, approximately half of SEI's trading activities originated from the South Korean exchange Upbit, responsible for around 49.9% of the total volume, equating to over $658 million. Binance holds the second position with 21.99% at the time of this writing.
Over the previous 24 hours, Binance facilitated trading of SEI tokens amounting to more than $250 million. Initially priced at $0.06, the token experienced a peak of $0.45 before settling back down to $0.15.
The announcement of support for SEI led to a notable 30% increase in its price, bringing it to the current value of $0.23.
On Tuesday, Coinbase revealed As buzz around the token grows, the hashtag '#SeiScam' has started trending on Twitter today, fueled by the public's eagerness for details about Sei's airdrop—a piece of information that testnet participants are still awaiting.
Despite earlier claims that the airdrop would be available following the Public Mainnet launch, users who participated in the testnet are facing issues redeeming their tokens.
Despite Sei’s announcement What's going on? The option to claim tokens still seems to be inactive.
The network also promotes its ability to process up to 20,000 orders every second.
In April, Sei Labs—an essential player in the ecosystem—managed to secure $30 million through two strategic funding rounds. This investment is intended to accelerate Sei’s growth and strengthen its influence throughout the Asia-Pacific region.
For those curious about cryptocurrency distributions, we do provide coverage in our resources. disclosed Please keep in mind the information found on this page is not meant to serve as legal, tax, investment, financial, or any other form of advice. It's crucial to invest only what you can afford to lose and seek guidance from independent financial advisors if you're uncertain. We recommend reviewing the terms, conditions, and assistance pages published by the issuer or advertiser. Metaverse Post is committed to offering accurate and impartial news, but keep in mind that market conditions can change rapidly without notice.
Cindy, a journalist at Metaverse Post, delves into web3, NFTs, metaverse topics, and AI, with a special focus on interviewing key figures in the Web3 sector. Having conversed with over 30 C-suite executives, she shares their insights with readers. Originally hailing from Singapore, Cindy is currently located in Tbilisi, Georgia, and holds a Bachelor's degree in Communications & Media Studies from the University of South Australia, backed by a decade of journalism experience. Airdrops Calendar .
Disclaimer
In line with the Trust Project guidelines Cindy is adept at handling press inquiries, announcements, and providing opportunities for interviews.
