SEI Faces Pressure as $12M–$30M Token Unlock Threatens Further Price Decline

Published:

Market Braces for Major Token Unlock

Sei (SEI) is under renewed selling pressure as traders prepare for a sizable token unlock that could range from $12 million to $30 million, depending on which schedule is used. The release could increase supply and weigh further on SEI’s price, which has already shown weakness in recent sessions.

According to FXStreet, a recent unlock event added 95.15 million SEI tokens—worth around $30 million—to circulation, accounting for roughly 1.55% of the token’s total market cap. Other schedules suggest recurring unlocks of about 55.56 million SEI, valued near $20 million, which have historically triggered volatility. Some reports cite a smaller $12 million release, hinting at a possible staggered or partial distribution.

Regardless of the exact figure, each unlock adds fresh supply that the market must absorb. When new tokens hit exchanges, holders often sell portions for profit, creating short-term price pressure and dampening sentiment—especially if the overall crypto market remains soft.

Technical Weakness Deepens

SEI’s recent price performance reflects mounting caution. The token plunged roughly 26% in one session, falling to $0.2047 ahead of the unlock event. It now trades below key moving averages (MA-20, MA-50, and MA-200), signaling weakness across short- and mid-term trends.

Momentum indicators such as RSI have also turned bearish, confirming sellers’ dominance. Historically, SEI has rallied sharply—at times above $0.35—before retracing after major unlocks. If current support fails, the token could face more downside, particularly if liquidity thins and buyers retreat.

Broader Context and Outlook

Unlock events are part of SEI’s planned vesting structure, with about 73% of its total supply still locked in future releases. The latest unlock comes at a time of general market softness, which could magnify the negative impact.

Even so, SEI’s fundamentals show potential resilience. Its ecosystem continues to grow, total value locked (TVL) is rising, and institutional interest remains visible—factors that may eventually stabilize the token.

For now, traders should watch:

  • How much of the unlocked supply actually hits the market.
  • Whether SEI can reclaim resistance between $0.28 and $0.31.
  • If strong buying volume reappears to absorb the new tokens.

SEI’s short-term outlook remains bearish, but the extent of the decline will depend largely on investor sentiment and how actively unlocked tokens are sold.

Raj Sharma
Raj Sharma
I have been involved in the blockchain industry for over 5 years and have an extensive understanding of the technology. My career in cryptocurrency started with writing articles about blockchain technology and its use cases for various publications.

Related News

Recent