SEI is currently reported at 0.0431, down 4.2% over the past 24 hours.
This week, there is also a token unlock of approximately $5.4 million, accounting for 1.61% of the circulating supply. Combined with concentrated unlocks of similar tokens, plus market sentiment pressure caused by the Fed’s rate decision.
The bearish thesis is straightforward:
More unlocks increase market supply, the rate decision suppresses risk appetite, and both near-term supply and sentiment are under pressure.
So this week, for SEI in the short term, you still need to focus closely on the sell pressure brought by the unlock.$SEI #Sei
This week, there is also a token unlock of approximately $5.4 million, accounting for 1.61% of the circulating supply. Combined with concentrated unlocks of similar tokens, plus market sentiment pressure caused by the Fed’s rate decision.
The bearish thesis is straightforward:
More unlocks increase market supply, the rate decision suppresses risk appetite, and both near-term supply and sentiment are under pressure.
So this week, for SEI in the short term, you still need to focus closely on the sell pressure brought by the unlock.$SEI #Sei