Sei price jumps 22% to 5-month high, driven by USDC integration
2025-07-11 16:57:53
Main Idea
Sei token surged 22% to $0.35, driven by Bitcoin's rally and stablecoin integration, with significant ecosystem growth including a spike in TVL and EVM transactions.
Key Points
1. Sei token gained 22% to reach $0.35, its highest level in five months, amid Bitcoin's record highs.
2. The Sei V2 network saw an 800% increase in total value locked (TVL) and a 3,600% surge in daily Ethereum Virtual Machine (EVM) transactions.
3. Native USDC integration and Circle’s cross-chain transfer protocol (CCTP V2) are key catalysts for Sei's growth in DeFi, gaming, and payments.
4. Sei's price broke above the key resistance level of $0.30, with $0.35 representing a previous support level from November 2024.
5. The token reached its all-time high of $1.14 in March 2024.
Description
Sei extended its recent gains to its highest level in five months, jumping 22% to touch highs of $0.35, with stablecoin integration a key catalyst. The Sei ( SEI ) token gained as top cryptocurrencies mirrored Bitcoin ( BTC )’s surge to new record highs. With Bitcoin rallying to above $118k to see over $1 billion in shorts liquidated , Sei broke out. Prices tapped bullish momentum to break above the key resistance of $0.30, with bulls taking advantage to hit levels last seen on January 31, 2025....
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