Sei Price Soars on Macro Squeeze and RWA Buzz
The price of Sei (SEI) surged by 8.8% over the last 24-25 hours, driven by a combination of factors.
A macro-driven crypto short squeeze and risk-on shift led to Bitcoin's breakout above recent ranges, with heavy short liquidations resulting in billions of dollars in positions being forced closed.
The total crypto market cap rose from $2.47 trillion to $2.60 trillion, a +5.13% move, while 24-hour trading volume climbed from roughly $145 billion to $162 billion.
Sei's move is also attributed to its real-world asset (RWA) narrative and social momentum. The official Sei Network account highlighted RWA integrations on the platform, including Ondo's tokenized US Treasuries product and Circle's native USDC.
Momentum trading and social buzz contributed to the price increase, with heightened 24-hour volume and visible derivatives setups.