SEI Volume Surpasses $1 Billion in 24 Hours: Koreans 'Horde' Token
Sei Labs revealed that the blockchain’s mainnet went live after a successful testnet phase that featured 7.5 million unique wallets, and over 400 million transactions. Parallelly, the network’s native token, SEI also got listed on exchanges including Binance, Kraken, and Huobi. The project’s blockchain has been specifically designed for seamless trading and the efficient exchange of crypto assets. The aggregate trade volume of the SEI token was greater than $1 billion in the daily timeframe. Chinese Journalist Colin Wu brought to light that around half of the SEI, trades took place on Korea’s Upbit exchange, featuring the SEI/KRW pair. The SEI/USDT pair on Binance, on the other hand, contributed 21.89% to the total share. Wu pointed out that SEI’s price on Upbit once had a difference of more than 100% when compared to the price on other exchanges. However, it soon bridged the gap. Owing to the ‘Kimchi’ premium effect, the asset’s valua...