-
SEI token has experienced a remarkable 100% price surge in June, fueled by a US government-backed stablecoin pilot, increasing institutional interest, and rapid ecosystem expansion.
-
Wyoming’s choice of Sei Network for its blockchain stablecoin pilot has significantly boosted SEI’s credibility, outpacing major competitors such as Ethereum and Ripple.
-
Institutional support from Circle, holding substantial SEI tokens, alongside a potential ETF filing, has intensified bullish sentiment and contributed to the network’s growing adoption.
SEI token doubles in June amid Wyoming stablecoin pilot selection, Circle’s backing, and expanding ecosystem, marking a standout performance in the crypto market.
SEI Price Doubles in June: What Users Need To Know
The SEI token has surged impressively, climbing over 100% month-to-date and gaining nearly 10% in the last 24 hours alone, according to COINOTAG data. Trading at approximately $0.30425, SEI’s price action stands out amid a generally subdued altcoin market.
This price rally is largely attributed to several key developments: SEI’s selection for a US government-backed stablecoin pilot, heightened institutional interest from Circle and ETF prospects, and a rapidly growing ecosystem.
Wyoming Stablecoin Pilot Selection Boosts Credibility
The pivotal catalyst behind SEI’s breakout was Wyoming’s official endorsement of the Sei Network for its blockchain-based stablecoin pilot. Sei outperformed established networks like Ethereum, Avalanche, Sui, and Ripple in this selection process.
Sei Network has been selected by the Wyoming Stable Token Commission as a candidate blockchain for WYST 🇺🇸
WYST is the first fiat-backed stablecoin issued by a U.S State and will be deployed using @LayerZero_Core.
The updated candidate list is publicly accessible on The… pic.twitter.com/a2PV26bHyR
— Sei 🔴 (@SeiNetwork) June 19, 2025
This endorsement has significantly enhanced SEI’s reputation, reflecting strong public-sector confidence in its technology and regulatory compliance. The announcement has sparked optimism among investors and the community, especially as more US states explore digital dollar frameworks.
Institutional Fuel: Circle Holdings and SEI ETF Filing
Institutional interest in SEI has surged, with Circle—the issuer of the USDC stablecoin—revealing in its IPO filings that SEI is the largest crypto holding on its balance sheet, surpassing Ethereum and Bitcoin.
Congratulations on the incredibly successful IPO of one of the biggest investors in $SEI, Circle, which hit a market high of $59B today on the heels of Senate approval of the GENIUS act for stablecoins.
Stablecoin issuers like Circle are starting to recognize Sei technology as a… pic.twitter.com/qb73IwOuH0
— Sei 🔴 (@SeiNetwork) June 24, 2025
This institutional backing has reshaped market perceptions of SEI’s strategic value and long-term growth potential. Further bolstering this narrative, Canary Capital has filed for an ETF based on SEI, which, if approved, would mark a significant milestone for institutional access to the Sei ecosystem.
“Exciting to see major progress in the institutional adoption of Sei,” commented Sei co-founder Jeff Feng, highlighting the growing confidence in SEI’s market positioning.
The ETF filing and Circle’s support are expected to attract more structured capital inflows, potentially reducing volatility and appealing to risk-conscious institutional investors.
Ecosystem Growth and Whale Inflows Support Price Action
Beyond headline developments, SEI’s price surge is underpinned by robust ecosystem growth. The network recently surpassed 600,000 active wallets, demonstrating strong user engagement despite a 30% token correction earlier in the month.
Sei now ranks second among all EVM-compatible chains by user count, surpassing Arbitrum, Optimism, Polygon, and BNB Chain.
Top EVM chains are on the move 🔄@base still leads with 17.2M wallets, but @SeiNetwork climbed to #2 with 8.1M (+74%). @Matchain_io holds 3rd, opBNB slips to 4th, and @Coredao_Org entered the top 5 strong with 6.25 million active wallets. pic.twitter.com/yzyINLr6Yx
— DappRadar (@DappRadar) June 23, 2025
Community member Philip noted Sei’s growing dominance in the Web3 gaming sector, commanding nearly 30% market share and outperforming networks like Ronin and BNB Chain in user traction.
The total value locked (TVL) on Sei has also surged, reaching an all-time high of $560.28 million, according to DefiLlama, propelled by new DeFi protocols such as Takara Lend and Yaka Finance.
World Liberty Financial Buys $1 Million Worth of SEI
Adding to the buying momentum, blockchain analytics firm Lookonchain revealed that Trump-affiliated World Liberty Financial acquired nearly 6 million SEI tokens for $1 million, which have appreciated to a current value of $1.8 million, representing an 80% unrealized gain.
The $SEI price has surged over 90% in the past week.
Trump’s World Liberty(@worldlibertyfi) spent $1M to buy 5.98M $SEI, which is now worth $1.8M, with an unrealized profit of $800K(+80%).https://t.co/xlrf813fr0 pic.twitter.com/1FQbPi2eSB
— Lookonchain (@lookonchain) June 25, 2025
This high-profile purchase has contributed to a surge in trading volumes, with CoinGecko reporting daily volumes exceeding $1 billion, reflecting heightened market activity and FOMO among traders.
With strong on-chain metrics, institutional endorsements, and government partnerships converging, SEI’s extraordinary performance in June could signal the start of a sustained upward trend. However, continued success will depend on maintaining network momentum and effectively competing in the dynamic Layer-1 blockchain landscape.
Conclusion
SEI’s 100% price surge in June underscores the impact of strategic government collaborations, institutional backing, and robust ecosystem growth. The Wyoming stablecoin pilot selection and Circle’s substantial holdings have elevated SEI’s market profile, while expanding user adoption and TVL reinforce its fundamental strength. As SEI navigates the competitive Layer-1 environment, sustained innovation and institutional engagement will be critical to its long-term trajectory.
