Sei Token Price Drops Despite Ecosystem Growth Surge

The Sei (SEI) token continues to decline, nearing its all-time low even as its ecosystem sees a surge in activity. SEI has been trending downwards for the past four weeks, now trading at its lowest point since November 2023 and down by 78% from its cycle highs. However, this price drop contrasts with growing network growth. The total value locked (TVL) in the Sei ecosystem has increased by a significant 70% over the past month, reaching $406 million – currently ranking it as the 17th largest in the crypto industry for TVL.