SEI Token Surges 100% on US Stablecoin Pilot and Institutional Backing

SEI token has experienced a remarkable 100% price surge in June, fueled by a US government-backed stablecoin pilot, increasing institutional interest, and rapid ecosystem expansion. Wyoming’s choice of Sei Network for its blockchain stablecoin pilot has significantly boosted SEI’s credibility, outpacing major competitors such as Ethereum and Ripple. Institutional support from Circle, holding substantial SEI tokens, alongside a potential ETF filing, has intensified bullish sentiment and contributed to the network’s growing adoption.

This price rally is largely attributed to several key developments: SEI’s selection for a US government-backed stablecoin pilot, heightened institutional interest from Circle and ETF prospects, and a rapidly growing ecosystem. The pivotal catalyst behind SEI’s breakout was Wyoming’s official endorsement of the Sei Network for its blockchain-based stablecoin pilot. Sei outperformed established networks like Ethereum, Avalanche, Sui, and Ripple in this selection process. This endorsement has significantly enhanced SEI’s reputation, reflecting strong public-sector confidence in its technology and regulatory compliance. The announcement has sparked optimism among investors and the community, especially as more US states explore digital dollar frameworks.

Institutional interest in SEI has surged, with Circle—the issuer of the USDC stablecoin—revealing in its IPO filings that SEI is the largest crypto holding on its balance sheet, surpassing Ethereum and Bitcoin. This institutional backing has reshaped market perceptions of SEI’s strategic value and long-term growth potential. Further bolstering this narrative, Canary Capital has filed for an ETF based on SEI, which, if approved, would mark a significant milestone for institutional access to the Sei ecosystem. The ETF filing and Circle’s support are expected to attract more structured capital inflows, potentially reducing volatility and appealing to risk-conscious institutional investors.

Beyond headline developments, SEI’s price surge is underpinned by robust ecosystem growth. The network recently surpassed 600,000 active wallets, demonstrating strong user engagement despite a 30% token correction earlier in the month. Sei now ranks second among all EVM-compatible chains by user count, surpassing Arbitrum, Optimism, Polygon, and BNB Chain. Community member Philip noted Sei’s growing dominance in the Web3 gaming sector, commanding nearly 30% market share and outperforming networks like Ronin and BNB Chain in user traction. The total value locked (TVL) on Sei has also surged, reaching an all-time high of $560.28 million, propelled by new DeFi protocols such as Takara Lend and Yaka Finance.

Adding to the buying momentum, blockchain analytics firm Lookonchain revealed that Trump-affiliated World Liberty Financial acquired nearly 6 million SEI tokens for $1 million, which have appreciated to a current value of $1.8 million, representing an 80% unrealized gain. This high-profile purchase has contributed to a surge in trading volumes, reflecting heightened market activity and FOMO among traders. With strong on-chain metrics, institutional endorsements, and government partnerships converging, SEI’s extraordinary performance in June could signal the start of a sustained upward trend. However, continued success will depend on maintaining network momentum and effectively competing in the dynamic Layer-1 blockchain landscape.

SEI’s 100% price surge in June underscores the impact of strategic government collaborations, institutional backing, and robust ecosystem growth. The Wyoming stablecoin pilot selection and Circle’s substantial holdings have elevated SEI’s market profile, while expanding user adoption and TVL reinforce its fundamental strength. As SEI navigates the competitive Layer-1 environment, sustained innovation and institutional engagement will be critical to its long-term trajectory.