In an exciting development for crypto enthusiasts, the highly anticipated altcoin project Sei (SEI) has finally been listed on major exchanges such as Binance and Coinbase. The listing aroused significant interest among investors. SEI has seen an impressive increase in both price and trading volume since its debut. Here are the details…
SEI focuses on altcoin investors
SEI started trading at $0.0640 on Binance. However, the altcoin value quickly skyrocketed to $0.48, making a phenomenal jump in a short period of time. This rapid increase in price has undoubtedly caught the attention of the crypto community. It also reflected the willingness of investors to explore new opportunities in the altcoin market. The significant increase in trading volume accompanying the price increase indicates strong investor interaction with the SEI. This increase in trading volume is particularly striking in South Korea-based exchanges, where SEI’s trading activities have reached surprising proportions. Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges, drew attention. SEI reported trading volumes of hundreds of millions of dollars per day for trading pairs.
In particular, Upbit witnessed a notable trading volume of $560.1 million over a 24-hour period for the SEI-KRW trading pair. Binance’s SEI-USDT pair followed closely, taking second place with $160.3 million in trading volume in the same time frame. The SEI-KRW pair on Upbit caught the attention as the most traded pair over the past day, underlining the altcoin’s popularity among South Korean traders. Bithumb also made its mark, contributing an impressive $67.7 million to SEI-KRW trading volume.
SEI experienced a gain in value
Jeff Mei, Chief Operating Officer of cryptocurrency exchange BTSE, commented on this unique business activity, emphasizing the resilience of crypto trading in the Korean market. He announced in July of this year that Upbit’s trading volumes even surpassed those of Coinbase and OKX, highlighting strong crypto trading activity in South Korea. Moreover, the high volatility observed in the current trading environment has attracted the attention of most investors. SEI’s potential to be a strong competitor against established rivals such as SOL and SUI has not been overlooked.
SEI is preparing to attract the attention of both experienced investors and newcomers to the crypto world with its outstanding performance from the very first moment. At the time of this writing, SEI continues to make waves, maintaining a trading price of $0.2320, a notable 27 percent increase from the initial listing price. The crypto community looks forward to further developments as SEI solidifies its position in the market and aims to cement its reputation as a promising altcoin competitor.
