SEI Token Soars 90% in a Week as Trump-Linked Wallet Gains $800K

Within the last seven days, $SEI has increased by over 90 percent to attain a value of 0.2999. The spectacular jump has brought $SEI to a level where its market capitalization exceeds $1.7 billion, with a fully diluted market capitalization of more than $3.06 billion.

In the past 24 hours alone, the coin has experienced strong momentum, ranging from 0.2718 to 0.3317. Investor interest is obviously also growing, with the 24-hour trading volume already reaching above 1.08 billion.

Trump-Linked Wallet Makes 80% Return in Days

A wallet associated with the World Liberty Project, headed by Trump (@worldlibertyfi), is one of the most evident beneficiaries in response to the recent upsurge of $SEI.

Lookonchain revealed that this entity invested one million dollars to purchase 5.98 million $SEI tokens, which have since increased, currently valued at 1.8M. This goes to represent an unrealized gain of 800k, almost 80% in a span of less than a week.

$SEI Chart Action Shows Parabolic Rise Since June 21

Based on the data on the chart, it seems that the $SEI token is exhibiting a clear breakout that commenced somewhere on June 21. The token traded slightly upwards and downwards over a couple of days before suddenly surging above the $0.25 mark.

The last rally went as high as around the $0.3317 mark before reverting a little bit closer to its current position, indicating a possible short-term winding-up position followed by a higher leg up. The price gain has been met by heavy trading volume, enhancing the credibility of the bull wave.

Investor Outlook Remains Bullish Amid Hype and High-Profile Buys

As there is the magnitude of the rally and buying of endorsement-like forms by parties like the World Liberty, the market sentiment of $SEI is positive.

Although other analysts caution that volatility may be coming, a large number of them are also watching the next resistance of the breakout point at $0.35. $SEI attracts a growing community with more than $1 billion worth of daily trading volume, making it one of the hottest tokens in the market this week.