LunarCrush released its latest social data ranking and SEI has surprisingly topped the AltRank list.
This means the cryptocurrency had the best combination of strong price movement and social activity in the last few days.
The impressive ranking means SEI coin is attracting a lot of attention and could emerge as one of the top performing cryptocurrencies in the ongoing recovery.
Albeit depending on whether it can secure enough attention and demand to sustain more upside.
As far as its performance goes, SEI also managed to outperform many top coins in its recent recovery.
The coin traded as low as $0.13 last week but it managed to bounce back by 41% as the market enjoyed some bullish relief.
For reference, Bitcoin only managed to rally by just over 15% while Ethereum was up 21% from their weekly lows to weekly highs.
SEI coin may have outperformed its peers due to one major reason.
Trump’s World Liberty Finance acquires $775,000 worth of SEI
U.S president Donald Trump has had the biggest impact on the crypto markets so far this year. This is why the market has been keeping track of his announcements or even developments pertaining to him even indirectly.
For example, investors have been keeping a close eye on World Liberty Finance, a firm affiliated with the Trump family. Recent data revealed that WLF acquired Sei coins worth $775 million.
Source: X
This purchase may have contributed to the 18.26% single-day gain that the cryptocurrency achieved on Saturday.
SEI exchanged hands at $0.171 at press time after giving up some of the previous day’s gains.
On-chain data signaled profit-taking had already kicked off. The cryptocurrency just experienced its first major spot outflow since the start of April.
It recorded roughly $1.71 million worth of outflows in the last 24 hours. Derivatives data also confirmed that the recent bullish momentum cooled off significantly.
Volume was down by 24.35% while open interest shrunk by 17.93% in the last 24 hours. Will this sell pressure intensify, or will WLF’s recent purchase reignite investor appetite for the SEI coin?
Assessing Sei network performance
Remember the surging social sentiment mentioned earlier? It turns out that one of the main reasons why Sei topped the alt-rank list was because some of its performance metrics were confidence-inspiring.
For example, DEX volumes on the network has been growing aggressively over the last few months.
DEX volumes hovered between $1 million and $3 million in June 2024. However, the daily DEX volume figures rallied as high as $90 million in December.
Although there were periods when the market has been in the red, Sei’s daily DEX volume figures still managed to maintain robust growth since the start of April.
Daily volumes on decentralized exchanges pushed to new historic highs at around $183 million on 9 April.
Sei DEX volume/ source: DeFiLlama
The impressive growth in DEX activity that Sei network has achieved over the last few months paints a clear picture of the utility levels that it has attained so far.
Being a newer player in the market means it has to play catch-up with the well-established rivals.
But despite this disadvantage, Sei still managed to get up to speed in key areas such as liquidity.
Sei network’s stablecoin marketcap jumped from as low as $1.2 million on 2 March and managed to soar to its current peak at $211 million on 2 April.
Sei network stablecoin mcap and TVL/ source: DeFiLlama
The total value locked may not have grown as fast as the stablecoin marketcap. Nevertheless, it still managed to achieve steady growth between June 2024 and the start of March 2025. After that the TVL went parabolic.
The TVL surged as high as $415.43 million on 5 April. For reference, Sei’s TVL hovered around $22 million in June 2024. It pulled back to $390.89 million at press time.
