SEI, the native token of the Layer 1 blockchain Sei Network, experienced a significant 24% price surge over the past week, climbing from $0.111 to $0.135. However, this rapid ascent was followed by a sharp pullback, with the price currently trading around $0.1221. Analysts note that the speed of the pump left late buyers with limited room to react, leading to the current correction.
Despite the price volatility, fundamental network activity is showing strong positive signals. In December, Sei's daily active addresses surged approximately 60% to roughly 1.37 million, briefly positioning it ahead of several larger blockchain ecosystems. This growth is attributed to gaming applications, DeFi tools, and oracle integrations, suggesting utility beyond mere speculation. Analyst AltCryptoGems highlighted that Sei's market infrastructure for distribution and access is "unmatched," with easy onboarding available through major exchanges like OKX, Coinbase, and Robinhood, as well as popular wallets like MetaMask.
A critical near-term event looms for SEI. On January 15, approximately 55.56 million SEI tokens (just over 1% of the circulating supply) are scheduled to unlock. Token unlocks often introduce volatility, especially when the price is in a weakened state. How the market absorbs this new supply will be a key short-term determinant for the price.
Furthermore, the network is undergoing technical transitions that could cause short-term friction. Sei recently advised users holding USDC.n to migrate to native USDC ahead of its upcoming EVM-only upgrade, a move aimed at improving long-term scalability.
Looking ahead, analysts outline potential price scenarios. If the January token unlock is successfully absorbed and user activity remains robust, SEI could target the $0.15 to $0.17 resistance range. A stronger scenario, where high user counts translate into sustained trading volume and liquidity, could open a path toward $0.20 to $0.22 in the coming months. Conversely, failure to manage the new supply could see the price retest the $0.10 support level.
