Sei Network Emerges as Latest Crypto Favorite; Meme Coin SEIYAN Leads Bets
Meme coin SEIYAN – apparently a cult term for holders of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem.
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Meme coin SEIYAN – apparently a cult term for holders of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem.
Futures tracking the lesser-known token saw $68 million evaporate in leveraged bets in a 24-hour period.
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More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange’s listing criteria.
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Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations.
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Overall crypto market capitalization crossed the $1.7 trillion mark on Wednesday for the first time since May 2022.