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2w ago

SEI Holds $0.12 Support Ahead of Token Unlock as Derivatives Activity Builds

A scheduled $7 million token unlock could add near-term selling pressure.

SEI stalls at lows, but on-chain activity tells a different story
Sei price struggles near $0.12 as $7m token unlock looms

Overview

  • SEI traded around $0.1249 after a week in a $0.1241–$0.1477 band, with key support near $0.12 and technical risk flagged below roughly $0.1216.
  • About 55.56 million SEI (≈$6.94 million), or roughly 1.08% of circulating supply, were set to unlock on Dec. 15 per Tokenomist data, which the team has not formally confirmed.
  • Futures volume rose 41% to about $125 million as open interest slipped 3.3% to roughly $100 million, indicating more short-term trading rather than strong directional conviction.
  • On-chain and derivatives engagement climbed, with DEX volume topping $400 million in two weeks (DefiLlama) and a 90‑day perps volume surge reported at 19,527% by AMBCrypto citing an X post.
  • Longer-term drivers remain in view with a Xiaomi partnership to pre-install a Sei-powered wallet on select phones outside China and the U.S. starting in 2026 and an updated staked‑SEI ETF filing from Canary Capital.