SEI Token Breaks Into Top 100 One Day Post-Debut On Major Exchanges

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SEI, the native token of the Sei blockchain, seems to be gaining huge traction a day after its debut on a number of main exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin collectively listed the token on their buying and selling platforms.

On the identical day, Sei Labs, the corporate behind the community, introduced the launch of the beta mainnet part after a profitable alpha part. Based on the builders, greater than 7.5 million distinctive wallets and 400 million transactions had been registered through the testnet part.

The Sei Mainnet beta, Pacific-1, is right here.

Customers could now bridge and stake their $SEI at https://t.co/kllP3XP3dZ pic.twitter.com/dMdocFMba0

— Sei 🚢 (@SeiNetwork) August 15, 2023

Sei community is a layer 1 blockchain constructed on the Cosmos software program growth equipment. It claims to supply a scaling resolution for decentralized exchanges (DEXs) with its matching engine and order front-run prevention instruments.

SEI Breaks Into Prime 100 Crypto Rating – Worth Overview

SEI skilled a surge in worth upon its itemizing on varied exchanges, notching greater than a 650% acquire inside an hour. On Binance, the token opened buying and selling at round $0.0639 earlier than ballooning to a excessive of $0.4812.

Nonetheless, SEI has since skilled a slight worth correction, buying and selling about 44% beneath the current excessive. As of this writing, the token modifications arms at $0.2669, with a considerable 16% worth leap up to now hour.

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CoinGecko knowledge reveals that SEI has been experiencing an enormous surge in market exercise, with its buying and selling quantity standing at $1,074,696,599. This represents a major 5,156.5% enhance within the final 24 hours.

Likewise, the market cap of SEI has been on a gentle rise up to now day. With a market cap of roughly $445.4 million, the cryptocurrency sits on the 92nd place on CoinGecko’s crypto rating.

Curiously, merchants appear to have anticipated the present efficiency of SEI previous to its a number of change listings. Knowledge from DEX Aevo’s pre-listing futures revealed that the token may attain almost half a billion market cap upon debut on centralized exchanges.

The preliminary circulating provide of SEI is 1.8 billion – 18% of the whole provide of 10 billion tokens.

The “Cross-Chain” Airdrop

On Tuesday, August 15, the Sei Basis unveiled the main points of its upcoming “cross-chain” airdrop for whitelisted customers who bridge qualifying belongings into the community. Among the eligible tokens embody USDC, ETH, WBTC (Wrapped Bitcoin), and so on.

The muse revealed that energetic customers on simply choose blockchains, together with Solana, Ethereum, Arbitrum, Polygon, Binance Good Chain, and Osmosis, can take part within the airdrop. Based on the announcement, the cross-chain airdrop shall be open for claiming on the public mainnet launch.