Navient (NAVI) receives a Hold rating and $16.50 price target from KBW analyst Sanjay Sakhrani.

Sei's price surged 22% to a 5-month high of $0.35, driven by USDC integration. The stablecoin integration aligns with a 100% rise in stablecoin TVL and a 300% spike in stablecoin transactions on Sei. The Sei Development Foundation announced a major milestone for the layer 1 blockchain network, attracting a huge number of developers and positioning Sei as a cross-chain liquidity hub.

The price of Sei (SEI) has surged 22% to a 5-month high of $0.35, driven by the recent integration of native USDC with CCTP V2 [1]. This move aligns with a 100% rise in stablecoin Total Value Locked (TVL) and a 300% spike in stablecoin transactions on the Sei blockchain [3]. The Sei Development Foundation has announced a significant milestone for the layer 1 blockchain network, attracting numerous developers and positioning Sei as a cross-chain liquidity hub.

The integration of native USDC, a stablecoin backed by a 100% reserve and redeemable on a 1:1 basis for the US dollar, is expected to enhance the liquidity flow across multiple blockchain networks. This move aims to improve the overall efficiency and stability of cross-chain transactions, benefiting both enterprises and individual users [1]. By leveraging the digital dollar infrastructure, Sei Network aims to create new opportunities for businesses to utilize stablecoins more effectively.

The strategic integration of USDC is part of a broader strategy to enhance the efficiency and stability of cross-chain transactions, making it easier for businesses to operate in a multi-chain environment. The integration is anticipated to facilitate smoother and more efficient cross-chain transfers, thereby boosting the liquidity and interoperability of digital assets [1].

The price surge of SEI is also attributed to the growing ecosystem of projects building on the Sei blockchain, including DeFi, NFT, and gaming dApps. The network's Total Value Locked (TVL) surged past $540 million, while daily decentralized exchange (DEX) volume regularly crosses $60 million. More than 266,000 new wallets were created in the last year alone, showcasing a growth rate of over 31,000% [3].

The integration of native USDC via Circle’s CCTP V2 has drawn institutional attention, boosting long-term investor confidence. The Wyoming Stable Token Commission recently shortlisted SEI as a potential blockchain to host a state-backed stablecoin, further solidifying its legitimacy as an infrastructure layer for both decentralized and government-level finance [3].

The bullish price action of SEI is supported by strong fundamentals and favorable sentiment. The price has broken past resistance around $0.26 and is now trading above $0.34, marking a nearly 70% rise from recent lows. Short-term targets lie in the $0.38–$0.40 range, with mid- to long-term forecasts suggesting SEI could reach $0.77 to $1.12 by the end of 2025 [3].

References:
[1] https://www.ainvest.com/news/sei-network-integrates-native-usdc-cctp-v2-enhanced-cross-chain-liquidity-2507/
[2] https://www.tradingview.com/news/gurufocus:97cd6b726094b:0-jack-ma-s-1-trillion-blockchain-bet-circle-s-usdc-could-be-the-key/
[3] https://coinpedia.org/price-analysis/sei-price-is-surging-whats-driving-it-and-how-high-can-it-go/