SEI Pumps 36% in 24 Hours—Here’s What’s Driving the Altcoin’s Breakout
SEI's 36% surge in just 24 hours signals a potential for more gains as investor interest and network inflows soar, pushing the coin to new highs.
Layer-1 (L1) coin SEI is today’s top market gainer, rocketing by over 36% in the past 24 hours.
This double-digit surge comes amid a spike in network inflow volume, a signal of renewed investor interest and capital movement onto the network.
SEI Rally as Net Inflows Spike
Sei Network has recorded one of the largest net inflows across all chains over the past 24 hours. It ranked fourth in bridged net flows, outperforming major networks like Solana during that period.
Top Bridged Netflows. Source:
Artemis
According to Artemis, the Sei Network has seen $3 million in bridged netflows in the past 24 hours. In comparison, top network Solana has seen net outflows amounting to $5 million during the timeframe.
The spike in inflows signals growing user activity and possibly rising investor confidence in the Sei ecosystem. Per the data provider, only Arbitrum, Base, and Ethereum saw higher net inflows.
With capital flowing onto the network, the SEI coin has seen a surge in demand, reflected by its climbing Chaikin Money Flow (CMF). As of this writing, this momentum indicator is at 0.22.
SEI CMF. Source:
TradingView
The CMF indicator measures how money flows into and out of an asset. Positive readings indicate that accumulation outweighs selling activity among coin holders. On the other hand, when an asset’s CMF is below zero, selling pressure dominates the market.
For SEI, its CMF setup reinforces the narrative that the current rally is backed by strong demand and liquidity.
SEI Defies the Market Slump
The altcoin trades at a four-month high of $0.28 at press time. In fact, amid the broader market’s lackluster performance over the past week, SEI’s price has soared by over 65%.
With inflows climbing and momentum indicators flashing green, SEI could continue to outperform in the near term. If demand remains high, the coin could climb toward $0.36.
SEI Price Analysis. Source:
TradingView
However, if demand craters and profit-taking commences, SEI coin price could break below the support floor at $0.27 and fall to $0.23.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative
Nomura Securities believes that the AI investment narrative is mired in an internal contradiction: if hyperscale cloud providers accelerate capital expenditures, their free cash flow will continue to be drained, raising doubts about the sustainability of financing; if they slow down, it would indicate a loss of confidence in AI demand and profitability expectations. Both paths lead to sell-offs. The crowded long positions accumulated during the AI agent boom in September have triggered large-scale stop-losses under negative catalysts, spreading to US Treasury bonds, exchange rates, and commodity markets, resulting in systemic deleveraging.
Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028
On Friday, Jassy stated that with the growing demand for artificial intelligence (AI) infrastructure, Amazon AWS cloud computing capacity is virtually sold out through 2027, and a significant portion of 2028 capacity has also been pre-booked by customers.
AI trading collapse: Will Anthropic postpone its "Super IPO"? The "scheduled listing date" in mid-November is approaching.
The time window is extremely tight—according to SEC regulations, the S-1 filing must be submitted by next week at the latest, and prediction markets estimate the probability of a listing within the year at around 80%. The sell-off in the AI sector has cast a shadow over the listing prospects, and the previous plan to go public in September has already fallen through. Several market participants say that Anthropic may face pressure to delay its listing, but some analysts point out that the company's urgent need for capital may drive it to stick to the original plan.
Crypto prices
More
