Sei Token Skyrockets Amidst Surging Demand, SEIYAN Meme Coin Follows Suit

By: Eliza Bennet

The year 2024 marked a substantial surge in the price of Sei tokens, making it one of the globally renowned cryptocurrencies. Reaching a record high of $0.80, a colossal 700% increase from its 2023 low, Sei now boasts a market value exceeding $1.7 billion.

Launched through the Binance Launchpool program, Sei, a prominent blockchain platform, stands as the largest cryptocurrency in the Launchpool by market capitalization. The continuous growth has been attributed to primary DeFi applications of the Sei network such as Astroport, Levana Perps, Fuzio, and White Whale Dex.

In the light of exciting growth, the meme coin SEIYAN, dubbed a cult symbol for SEI token holders, has recorded an impressive 400% gain over the past week. Mirroring the expansion of the Sei ecosystem, this significant rise signals the strengthening trend of meme coins in the crypto market.

Additionally, plans for the launch of V2, set to become the first blockchain with parallelized EVMs, are instilling anticipation in investors, possibly fueling the current price hike. In essence, the upgrade will allow any Ethereum-based application to utilize Sei's heightened speed and throughput. Binance and other similar platforms anticipate a positive response following the launch.