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Sei, a specialized trading network within the Cosmos ecosystem, has recently recorded a significant downward trend. Notably, on a day rife with anticipation, the price of Sei plunged by more than 20%, plummeting from its initial spike above $0.28 to somewhere below $0.18.
Cryptocurrency prices were in the red on Friday morning as concerns as a sense of fear spread in the market. Bitcoin plunged below the important support at $28,000 and reached a multi-month low of $26,000. Most altcoins, including ApeCoin, Zilliqa, Bitcoin Cash, Sui, and Solana also plunged.
The latest buzzy layer-one network to launch has run into turbulence in its first few days amid widespread complaints that its airdrops to early users and testers were overly stingy.
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted to blockchain and crypto technology.
A few days after its launch, the newest cryptocurrency project to trend on Crypto Twitter (X) has been deemed a “fiasco” amid massive frustration related to a promised airdrop of new tokens to investors who bridged Ethereum (ETH), Solana (SOL), and Binance Smart Chain (BNB) to the Sei Network (SEI).
The Sei Network's native token, Sei, has experienced a significant 32.59% price drop from $0.27 to $0.182 after opening airdrop claims. However, this decline came on the heels of an initial 2000% surge following the successful launch of the Sei mainnet.
The Sei Network (SEI) has faced a significant setback as its coin's value plummeted by more than 20% within 24 hours following the commencement of an airdrop for early supporters.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $28,500 level on Thursday. Ethereum (CRYPTO: ETH) also recorded losses, falling below the key $1,800 mark this morning.
SEI, the token of a newly launched blockchain with the same name, tops CryptoSlate's top losers' list for Aug. 17, plunging by nearly 30% in the last 24 hours to $0.17599 as of press time. During the period, several community members have also complained about the miserly amount of its airdrop.
Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market.
Sei Networks Native Token Sei Surges to $1.8 Billion Valuation on Debut The highly anticipated native token of Sei Network, named Sei (SEI), has made an impactful entry into the market, achieving an impressive valuation of $1.8 billion on its inaugural day. Renowned exchanges, including Binance, Bybit, and Bitget, eagerly listed the token on August 15.
A lot is going on in the digital assets sector with every kind of regulation coming in, and more people getting involved in the cryptocurrency market. Bitcoin's (BTC) price, was trading sideways early on Wednesday and was still below the $30,000 threshold at $28,618.20.
The buzzy blockchain project's SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token "airdrop" to early adopters of the network.
SEI Token Price Prediction - SEI coin has gained a lot of hype after Binance and Coinbase support. However, its Atlantic airdrop has been postponed.
Sei Labs has just announced the launch of its Mainnet beta platform, seeking to facilitate the mass adoption of digital assets. Sei Foundation Announces Mainnet Launch Open-sourced tech firm behind the Sei blockchain, Sei Labs, has just announced a significant milestone in its journey toward revolutionizing the digital asset landscape.
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.
A leap forward for the world of blockchain technology, Sei Labs proudly announced the launch of its highly anticipated mainnet, marking the culmination of a successful testnet phase, this momentous occasion is not just about the activation of a new blockchain, but represents the dawn of a new era for exchanging and trading crypto.
The highly anticipated mainnet of Sei, a Layer 1 blockchain, has finally launched, attracting considerable attention from the cryptocurrency ecosystem. The blockchain intends to address the present inefficiencies of Web 3 infrastructure by being optimized for high-speed digital asset trade at scale.
Sei Labs, a company that builds technology for the open-source layer 1 (L1) Sei blockchain, announced the launch of the beta phase mainnet on August 15.
Trading volumes for the new SEI token nearly outpaced market heavyweights like Bitcoin, Ethereum, and XRP on top crypto exchanges.
Today, most cryptocurrencies in the crypto market are going down, but there are a couple of Altcoins that are going up. Bitcoin's price is staying around $29,150, and it's not going above $30,000 yet.
SEI token (SEI), a layer-1 cryptocurrency that has garnered significant attention in the market, has witnessed a 29% surge over the past 24 hours. What Happened: This comes even as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were down 0.69% and 0.85% in the last 24 hours.
SEI is surging today, most likely because of the recent listing on Coinbase, but there's more.
Sei Network's token SEI gained over 2600% in price on the first day of its listing on Bitfinex, Binance, and Coinbase. Major exchanges, including Binance, Bybit, and Bitget, collectively listed SEI this week.
