{"id":547471,"date":"2024-08-16T11:50:26","date_gmt":"2024-08-16T11:50:26","guid":{"rendered":"https:\/\/wncen.com\/?p=547471"},"modified":"2025-06-11T11:18:54","modified_gmt":"2025-06-11T11:18:54","slug":"sei-into-top-100-post-debut-on-major-exchanges","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sei-into-top-100-post-debut-on-major-exchanges\/","title":{"rendered":"SEI Token Breaks Into Top 100 One Day Post-Debut On Major Exchanges"},"content":{"rendered":"
SEI, the native token of the Sei blockchain, appears to be gaining massive traction a day after its debut on multiple major exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin jointly listed the token on their trading platforms.<\/span><\/p>\n On the same day, Sei Labs, the company behind the network, <\/span>announced<\/span><\/a> the launch of the beta mainnet phase after a successful alpha phase. According to the developers, more than 7.5 million unique wallets and 400 million transactions were registered during the testnet phase.<\/span><\/p>\n The Sei Mainnet beta, Pacific-1, is here.<\/p>\n Users may now bridge and stake their $SEI<\/a> at https:\/\/t.co\/kllP3XP3dZ<\/a> pic.twitter.com\/dMdocFMba0<\/a><\/p>\n \u2014 Sei \ud83d\udea2 (@SeiNetwork) August 15, 2023<\/a><\/p><\/blockquote>\n Sei network is a layer 1 blockchain built on the Cosmos software development kit. It claims to offer a scaling solution for decentralized exchanges (DEXs) with its matching engine and order front-run prevention tools.<\/span><\/p>\n SEI experienced a surge in price upon its listing on various exchanges, notching more than a 650% gain within an hour. On Binance, the token opened trading at around $0.0639 before ballooning to a high of $0.4812.\u00a0<\/span><\/p>\n However, SEI has since experienced a slight price correction, trading about 44% beneath the recent high. As of this writing, the token changes hands at $0.2669, with a substantial 16% price jump in the past hour.<\/span><\/p>\n Related Reading: Shiba Inu Bulls On The Horizon? Substantial Selling Pressure Seen Dropping<\/a><\/p>\n CoinGecko data<\/span><\/a> shows that SEI has been experiencing a massive surge in market activity, with its trading volume standing at $1,074,696,599. This represents a significant 5,156.5% increase in the last 24 hours.<\/span><\/p>\n Likewise, the market cap of SEI has been on a steady rise in the past day. With a market cap of roughly $445.4 million, the cryptocurrency sits at the 92nd position on CoinGecko\u2019s crypto ranking.<\/span><\/p>\n Interestingly, traders seem to have anticipated the current performance of SEI prior to its multiple exchange listings. Data from DEX Aevo\u2019s pre-listing futures<\/a> revealed that the token could reach nearly half a billion market cap upon debut on centralized exchanges.<\/span><\/p>\n The initial circulating supply of SEI is 1.8 billion – 18% of the total supply of 10 billion tokens.<\/span><\/p>\n On Tuesday, August 15, the Sei Foundation unveiled the details of its upcoming “cross-chain” airdrop for whitelisted users who bridge qualifying assets into the network. Some of the eligible tokens include USDC, ETH, WBTC (Wrapped Bitcoin), etc.<\/p>\n\n
SEI Breaks Into Top 100 Crypto Ranking – Price Overview\u00a0<\/span><\/h2>\n
The “Cross-Chain” Airdrop<\/span><\/h2>\n