SEI Token Surges 90% in Week, World Liberty Project Sees 80% Gain

The SEI token has experienced a remarkable surge, increasing by over 90% in the past week to reach a value of $0.2999. This significant jump has propelled SEI's market capitalization to exceed $1.7 billion, with a fully diluted market capitalization of over $3.06 billion. The token's price has shown strong momentum, fluctuating between $0.2718 and $0.3317 in the past 24 hours, indicating growing investor interest.

A wallet linked to the World Liberty Project, led by former U.S. President Donald Trump, has notably benefited from this surge. The wallet invested $1 million to purchase 5.98 million SEI tokens, which have since appreciated to a value of $1.8 million. This represents an unrealized gain of $800,000, or approximately 80%, within a span of less than a week.

The SEI token's chart action reveals a parabolic rise that began around June 21. After trading within a narrow range for a few days, the token suddenly surged above the $0.25 mark. The rally peaked at around $0.3317 before retreating slightly to its current position, suggesting a potential short-term consolidation followed by another upward movement. The price gain has been accompanied by heavy trading volume, lending credibility to the bullish trend.

The market sentiment surrounding SEI remains bullish, driven by the magnitude of the rally and high-profile investments. The World Liberty Project's endorsement has further fueled investor optimism. While some analysts caution about potential volatility, many are closely watching the next resistance level at $0.35. SEI has attracted a growing community, with daily trading volumes exceeding $1 billion, making it one of the most talked-about tokens in the market this week.