SEI Price Defies Overall Bearish Market Conditions After This

SEI crypto price is back on the spotlight and this time for good reasons. It just concluded an impressive bullish performance while most top coins were struggling to overcome sell pressure.

SEI crypto bulls delivered a 45% rally from weekly bottom price level to its weekly top. It traded as low as $0.158 on Tuesday. However, it recently surged as high as $0.228 in the last 24 hours at the time of observation.

SEI’s latest performance highlighted the return of strong bullish momentum after previously maintaining a bearish trajectory since the second week of May. But can the cryptocurrency maintain the bullish momentum?

Its RSI signaled that long term accumulation has been taking place as evident by higher lows. The floor price of SEI has also been on the rise. That indicates it could be one of the most appealing coins in the second of 2025.

SEI Network Records its Highest Weekly DEX Activity

SEI price action was also backed by solid network activity during the same bullish week. Its total DEX volume in the last 7 days was north of $263 million, which officially marked its highest weekly volume in its entire history.

The DEX volume was accompanied a spike in token volume this week which was yet another sign of robust activity.

Token volume in the last 24 hours alone surged to $284 million, which was the highest levels observed in the last 4 months.

The data confirmed growing activity on the network, which may have been linked to the recent SEI coin demand surge. Speaking of demand, SEI spot flows registered a massive spike in inflows at the start of the week.

Spot inflows surged to $9 million on 17 June which marked the start of the rally. This was also the highest daily spot inflows recorded so far this year, confirming that either institutional or whale activity was at play and in favor of a rally.

In total there was over $15 million worth of spot inflows but the numbers were larger over on the derivatives market. For example, there was a spike in open interest from $98.5 million to $$158.6 million.

Derivatives volumes clocked $1.16 billion at the time of observation after an 80% uptick. However, it is worth noting that shorts were on the rise judging by the spike in negative funding rates, signaling potential for short term profit-taking.

Shortlisted for Wyoming’s Stablecoin Launch

SEI crypto price may have secured a confidence boost among investors courtesy of Wyoming state in the U.S.

This is because the Sei network was among the top blockchains that the state had shortlisted that could potentially aid with the launch of the WYST stablecoin.

Reports on the matter revealed that the shortlisted blockchains were ranked based on specific criterion. It accounted for factors such as network speed, efficiency and agent support.

The fast that the SEI network was shortlisted alone was enough indication of its appeal. A few other factors were highlighted, which could have played a hand in the network’s recent performance and the surging demand for its native token.

For example, SEI contributed the highest number of active addresses in the gaming industry in the last 30 days.

Nansen also reported that transactions on the network doubled in the last 4 weeks while active addresses tripled during the same period.

Based on the findings, the latest SUI price rally was backed by robust network activity and adoption. This could signal more growth ahead but will SEI maintain the same short term bullish strength well into the last week of June?

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