Despite Binance joining as a validator for the Sei Network, the token’s price experienced a 4% drop in just 24 hours. Trading at $0.16, the price reflects the broader bearish market conditions affecting altcoins. This trend is driven by investors shifting away from risk assets amidst negative market sentiment. The altcoin season index has fallen significantly since October, and the market cap for altcoins has declined as well. Sei’s performance has been particularly volatile, with a recent 12% drop in price over the last week and a staggering 44% decline in the past month. This comes amid significant uncertainty in the crypto market, including the implementation of tariffs by the White House on China. Although Binance joining as a validator demonstrates growing institutional confidence in the network’s role, the overall bearish sentiment continues to weigh down Sei’s price.