Layer 1 blockchain Sei’s native token, on a roll in the past few days, has extended its upside momentum with a double-digit surge in the past 24 hours.
The Sei (SEI) price was up 12% at the time of writing on June 27, 2025, hovering above $0.28 after bouncing off support at $0.25.
The cryptocurrency’s value touched highs of $0.30, and while profit-taking has slightly pulled buyers back, momentum suggests they are poised to eclipse this mark. Sei reached highs of $0.33 on June 25, 2025, its highest level in a month.
As top altcoins shed gains or struggle, SEI is currently trading more than 42% higher over the last 30 days.
Why is Sei price up today?
Sei is trending as one of the top two best-performing altcoins in the past 24 hours among the world’s largest cryptocurrencies by market cap.
Pudgy Penguin (PENGU), which has gained by more than 14% in the same period as of writing, tops then Sei. The price of PENGU is riding spot exchange-traded funds euphoria after Canary Capital filed its Form S-1 registration for the Canary PENGU ETF.
The filing proposes an exchange-traded product that would invest in a portfolio comprising the PENGU token and Pudgy Penguins non-fungible tokens (NFTs). However, PENGU is only up 15% in the past week and remains down 14% over the past 30 days.
Like Pudgy Penguins, Sei is also riding optimism around spot crypto ETFs. Analysts recently said the odds of the U.S. Securities and Exchange Commission approving most of the crypto ETF filings in 2025 are high. Solana, Litecoin, XRP, and Cardano are each said to have a 95% chance.
The SEI community is similarly upbeat that the SEC will greenlight the Canary SEI ETF, which the asset manager recently filed. Additional bullish sentiment comes from stablecoin traction, with Wyoming selecting Sei for the issuance of its WYST stablecoin.
SEI hit its all-time high of $1.14 in March 2024.
