Sei's Price Dips 5% Despite 30% Weekly Gain, 73.7% TVL Surge

Sei ($SEI), a Layer-1 blockchain that combines the strengths of Ethereum and Solana, experienced a 5% price dip over the past 24 hours. Despite this short-term decline, $SEI has shown significant growth, with a 30% increase over the last seven days and a 42% rise over the past month. At the time of reporting, $SEI was trading at $0.2559. The token reached a peak of above $0.70 in December 2024 before entering a prolonged downtrend that brought it to a low of $0.1445 in April 2025.

Since its launch in August 2023, Sei has emphasized its advantages in transaction speed and scalability. These technological efficiencies, combined with Sei’s chain-level optimizations, have attracted a growing number of decentralized exchanges and trading protocols to the platform. The network's total value locked (TVL) surged 73.7% in Q1 2025, rising from $209.1 million to $363.1 million. The stablecoin market cap on the network also hit an all-time high of $178 million. These figures have continued to climb in Q2, with TVL now surpassing $500 million and the stablecoin market cap reaching $232.5 million.

Sei saw a 78% increase in daily active addresses and a 59% rise in transactions in Q1. This sustained growth across apps, users, and network activity points to real momentum behind the ecosystem. However, the discrepancy between Sei’s price and on-chain activity has led many analysts to believe $SEI remains significantly undervalued. While ranked only as the 67th-largest crypto asset by market cap ($1.3 billion), Sei outpaces other higher-ranked chains like Cardano, Cronos, and Optimism in network usage and assets locked.

For instance, Cronos is currently ranked 42nd with a $2.6 billion market cap, Optimism ranks 65th with $1.32 billion, and Cardano sits in the top 10 with a valuation exceeding $28 billion, despite trailing Sei in DeFi activity metrics. Many believe that once capital and investor focus shift toward Sei, its price could reclaim its previous high of $1.14 from March 2024, or even move beyond it.

Institutional interest in $SEI is also rising. In April, World Liberty Financial (WLFI), a Trump-affiliated crypto initiative, added 4.89 million $SEI tokens, worth approximately $775,000, to its portfolio, including Bitcoin and Ethereum. Additionally, on April 30, Canary Capital filed a proposal with the U.S. SEC for the first spot Sei ETF, which would include a staking feature. According to the S-1 filing, BitGo and Coinbase would handle the fund’s custody. These developments suggest that $SEI is positioned for investor interest and a potential price surge once retail and institutional liquidity returns to the market.

From a technical standpoint, the $SEI/$USDT chart shows a continued bullish trend supported by an ascending trendline that began in April. The price has moved above its 20-day, 50-day, and 100-day exponential moving averages (EMAs), which are currently clustered between $0.1923 and $0.2214. A critical resistance lies at $0.30. A confirmed breakout above this level could lead to a 31.4% rally toward the next target of $0.3367, which coincides with the 200-day EMA and a previous resistance area from late 2024. To sustain this momentum, $SEI must maintain support above the $0.24–$0.25 range. A break below could trigger a pullback to key support levels at $0.22, $0.2097, and $0.2000. On the other hand, a move above $0.30 could validate the next leg of $SEI’s bullish breakout, with further upside potential in the weeks ahead.