Sei (SEI) Corrects Sharply After Strong Rally on ETF and Integration Hype

Sei (SEI) dropped 12% over the last 24-25 hours due to profit taking and technical reversal following a strong rally fueled by ETF and integration news.

The recent surge, which saw SEI rebound over 100% from its August 2026 low of $0.038 to around $0.080, set up conditions for a sharp reversal as the token approached major technical resistance.

ETF and integration news had driven SEI's recent strength, with REX Shares and Osprey Funds updating a filing for a staked SEI ETF in the US, setting an October 23 effective date.

The broader crypto market was also cooling off due to macro stress and higher derivatives activity, which contributed to SEI's sharp correction. However, there is no evidence of a new Sei-specific negative catalyst like a hack or delisting.

Given the technical and positioning factors at play, it appears that profit taking and short selling were behind the price drop, rather than any specific negative event related to SEi.