SEI Teeters on $0.06 as Giga Upgrade Looms with 200,000 TPS Promise

SEI's price has been hovering near $0.06 as traders weigh in on whether the upcoming Giga upgrade can spark a recovery towards $0.20.

The Layer 1 token is trading at around $0.0636 after a quarter that saw its bearish trend continue from 2025. Its market capitalization sits near $451 million, with daily volume around $45 million.

Analysts at Coinpedia believe the multi-year falling wedge formed by SEI's price movements could lead to a price drop towards $0.02, where selling pressure may finally exhaust itself.

The Giga upgrade aims to introduce the Autobahn consensus and asynchronous execution, targeting over 200,000 transactions per second and sub-400 millisecond finality. Coinbase has already migrated its routing of SEI transactions to the new EVM standard, enabling native EVM support for sends and receives.