Sei Token Surges as Layer 1 Blockchain Gains Traction
Sei’s native token has been on a winning streak. In the past 24 hours, it jumped by 12%, reaching $0.28. This upward trend continues as the token bounces back from a $0.25 support level.
On June 27, 2025, the token peaked at $0.30. Even though some profit-taking has occurred, the momentum suggests it could surpass this level. Sei hit $0.33 on June 25, its highest in a month.
Sei is outperforming many altcoins. Over the last 30 days, it has risen by over 42%.It’s currently the second-best performing altcoin in the past 24 hours.
Why is Sei’s price rising? Optimism around spot crypto ETFs is a key factor. Analysts believe the U.S. Securities and Exchange Commission (SEC) will likely approve most crypto ETF filings in 2025. Sei’s community is hopeful about the Canary SEI ETF filing. Additionally, Wyoming chose Sei for its WYST stablecoin, adding to the bullish sentiment.
Sei’s success contrasts with pudgy penguin (PENGU), which gained 14% in the same period. PENGU’s rise is linked to the Canary PENGU ETF filing. However, PENGU is down 14% over the past 30 days.
Sei’s all-time high was $1.14 in march 2024. With thes recent developments,the token could see further gains.
