Tokens are surged by 50% in a week, so what drives SEI prices

Sei’s native token, SEI

Last week, analysts pointed out the “multifactor rally” behind the spike, jumping over 50%, beating all other top 100 tokens by market capitalization.

“I think SEI just offered one of the cleanest multifactor gatherings I’ve seen this year. It averaged four times the volume, which increased by 45%. And there were three solid drivers behind it.”

“Wyoming designated SEI as a settlement tier for dollar pilots, giving it institutional reliability. After that, there was a 9% staking APY bump from V2 airdrop snapshots and core balters,” they added.

The Wyoming Stable Token Committee last week registered Aptos and SEI as finalists for the Stablecoin pilot program, giving SEI a 30-point score based on metrics such as transactions per second, fees, and transaction finality.

Wyoming is a proposed state-supported stubcoin that is fixed in the US dollar and was developed in collaboration with Layer Zero, a cross-chain crypto protocol.

A weekly meeting of 50% shows a flow of savvy capital. On-chain has flowed into centralized Crypto Exchange (CEX) to more than $3 million, with permanent swap-open interest rising by just 9%, and funds remained stable.

Defillama’s data shows that total SEI value is locked (TVL) exceeds $540 million, rising steadily since January, with SEI-based decentralized Exchange (DEX) exceeding $60 million for the first time on Wednesday.

The question is whether the capital will remain. B2Binpay warned that if the funding rate is above +0.05% or exceeds the open interest spot, it could be leverage creeping up.

However, the company concluded that momentum could easily expand in July as the foundation and chain flow remains clean.