Within the last seven days, SEI has increased by over 90 percent to attain a value of 0.2999. The spectacular jump has brought SEI to a level where its market capitalization exceeds $1.7 billion, with a fully diluted market capitalization of more than $3.06 billion.
In the past 24 hours alone, the coin has experienced strong momentum, ranging from 0.2718 to 0.3317. Investor interest is obviously also growing, with the 24-hour trading volume already reaching above 1.08 billion.
Trump-Linked Wallet Makes 80% Return in Days
A wallet associated with the World Liberty Project, headed by Trump (@worldlibertyfi), is one of the most evident beneficiaries in response to the recent upsurge of SEI.
Lookonchain revealed that this entity invested one million dollars to purchase 5.98 million SEI tokens, which have since increased, currently valued at 1.8M. This goes to represent an unrealized gain of 800k, almost 80% in a span of less than a week.
SEI Chart Action Shows Parabolic Rise Since June 21
Based on the data on the chart, it seems that the SEI token is exhibiting a clear breakout that commenced somewhere on June 21. The token traded slightly upwards and downwards over a couple of days before suddenly surging above the $0.25 mark.
The last rally went as high as around the $0.3317 mark before reverting a little bit closer to its current position, indicating a possible short-term winding-up position followed by a higher leg up. The price gain has been met by heavy trading volume, enhancing the credibility of the bull wave.
Investor Outlook Remains Bullish Amid Hype and High-Profile Buys
As there is the magnitude of the rally and buying of endorsement-like forms by parties like the World Liberty, the market sentiment of SEI is positive.
Although other analysts caution that volatility may be coming, a large number of them are also watching the next resistance of the breakout point at $0.35. SEI attracts a growing community with more than $1 billion worth of daily trading volume, making it one of the hottest tokens in the market this week.
