SEI, ENA, ARB surge 20.23%, 23.44%, 18.04% in volatile altcoin market

SEI, ENA, and ARB have emerged as top altcoins to watch for fast crypto gains, showing significant momentum with short-term market activity. SEI experienced a 20.23% gain over the week, reaching a price of $0.3130. However, its market cap and volume declined, indicating that traders may be taking short-term profits. Ethena (ENA) saw a 23.44% increase, supported by its overall TVL and holder engagement. Arbitrum (ARB) rose by 18.04% and is attracting more attention by maintaining constant demand and an active position in Ethereum scaling.

Despite the recent price action suggesting a consolidation process, traders are constantly paying attention to these tokens due to the risk of explosive moves in the volatile market. SEI's market cap chart indicates a sharp increase starting July 10, peaking close to $1.90 billion before experiencing a pullback. ENA's price chart reflects a sharp rise that began around July 9, with rapid movement continuing through July 11 before pulling back. ARB's chart shows steady growth since July 9, with a sharp rally evident on July 11, followed by consolidation.

The total value locked (TVL) for ENA is $5.48 billion, with a market cap-to-TVL ratio of 0.3666, suggesting solid value relative to the protocol’s locked assets. ARB has a total supply of 10 billion with a circulating supply of 4.96 billion, placing it in the middle-tier category regarding the circulating supply against the total supply. SEI’s circulating supply stands at 5.55 billion tokens, with a total supply of 10 billion.

Traders need to track key measures such as volume flows, supply distribution, and changes in market cap to gauge the point to enter the market and assess risks. The day-to-day fluctuations of these altcoins reflect traders’ momentum and general interest in tokens that provide infrastructure or are new experiments. As July continues, these tokens remain on the radar of traders seeking short-term profits in the altcoin area.