Shining Star SEI Token Rises 2.700% As Crypto Crashes

Crypto News – With the mainnet’s launch, SEI, the native token of Sei Network, saw an astounding rise of 2,700%.

Shining Star SEI Token Rises 2.700% As Crypto Crashes

With an astounding gain of 2703.1% over the last 24 hours, SEI has excelled in the crypto market as a result of this outstanding performance. Its current market capitalization is $403,100,194 on a global scale. This achievement comes after Sei Labs’ layer 1 blockchain, which had previously been a testnet, successfully became a fully functional mainnet.

SEI has been quickly adopted by exchanges, with participation from Binance, Kraken, Huobi, and Coinbase. Following the successful launch of the mainnet, Coinbase’s support was implemented.

Investors Cautious on Price Volatility

Sei’s main goal is to modernize asset exchanges across social platforms, gaming, and NFTs while promoting an easy-to-use user interface. With over 400 million transactions and 7.5 million test wallets produced during its alpha phase, Sei Network’s prowess is supported by its ability to finalize transactions in less than 0.5 seconds and handle up to 20,000 transactions concurrently.

In spite of this, traders are being cautious as the excitement fades in preparation for a possible market shift and the looming threat of a price correction. As a result, assessing the upcoming price landscape should be done with caution.