Key Insights
- Trump’s DeFi project World Liberty Financial bought 541K SEI at $0.185 each.
- SEI crypto surged 2% intraday and could see a 10% uptick soon.
Sei (SEI) price bounced off from the lower levels and jumped over 7% following World Liberty Financial’s buying activity. Under the leadership of Donald Trump, World Liberty Financial added 541,242 SEI tokens to its investment portfolio.
The most recent collapse wiped $100,000 in tokens from the market. Each token sold for an average price of $0.185. Following the buying activity, the market responded rapidly, resulting in a large increase in SEI crypto.
At press time, SEI price was trading at $0.2014, noting an intraday surge of over 2.02%. Its market cap soared to $983.20 Million and ranked 65th overall.
Institutional Interest Fuels SEI Price Speculation
SEI crypto anticipates continued positive performance as Donald Trump’s project recently acquired additional holdings. According to data from Arkham, the World Liberty Finance (WLFI) entity moved $25 Million to a distinct wallet.
Some of these funds were used to acquire $100K worth of Sei from Ethereum before returning them to the WLF main address. The strategic acquisition creates speculation about rising institutional interest, strengthening the bullish market sentiment for SEI price.
Looking at DeFi Stats
According to data from DeFiLlama, SEI crypto has experienced strong demand from retailers and large entities. SEI’s Total Value Locked (TVL) has spiked over the past day to hit a new all-time high of $349.06 Million.
The spike in TVL indicated that more capital flows into the network, reflecting growing market confidence.
When this hits a new high, it reflects a strong market and broader bullish sentiments. As such, large investors, both institutions and individuals, are allocating funds to the network.
Moreover, the token’s social activity also experienced heightened engagement within the network. The X followers have also increased exponentially and surged to $781.4K.
SEI Price Prediction: What Are the Charts Saying?
A recent post on X by AMCrypto revealed that the token is breaking out of its symmetrical zone. Furthermore, it could see a massive directional move ahead. Backed by large investors’ buying activity, SEI price could experience a bullish move soon.
If SEI crypto closes above $0.21, an upmove toward $0.2800 could be anticipated in the coming sessions. Moving ahead, this would be followed by $0.3200.
It has defied the bearish trend and given signs of bottoming out. A potential 10% uptick was on the cards and could be triggered soon.
The Relative Strength Index (RSI) line stood at 40 and revealed a positive crossover on the daily timeframe. Data from Coinglass showed that the Open Interest (OI) has dropped over 0.86% to $103.34 Million. This revealed a short covering move in the past 24 hours.
The token must break through the 20-day EMA barrier to experience a rapid increase. A reversal could be seen if SEI price persists in holding gains above $0.2000. Furthermore, it could retest the upward trajectory of $0.3000 in the next few weeks.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
