SEI Price Explodes 12% on Coinbase Listing

Recently-launched layer 1 protocol, Sei network, saw its native cryptocurrency – the SEI token – listed on the major US-based cryptocurrency exchange Coinbase.

• Sei is a newly-launched blockchain making bold claims and promises of being “the fastest blockchain in the industry.”
• The Sei token was introduced on the Binance Launchpool program at the beginning of August and started trading a few days ago.
• Most recently, SEI was listed on the largest US-based cryptocurrency exchange, Coinbase. Per the announcement:

Coinbase will add support for Sei (SEI) on the Sei network. Do not send this asset over other networks or your funds may be lost.

Trading is anticipated to begin later today, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our SEI-USD trading pair will launch in phases. Support for SEI may be restricted in some supported jurisdictions.

• It also appears that the token is seeing increased traction in Korea. According to a recent report, BTSE CEO Jeff Mei said:

The chain’s degen-focused online community seems to have connected particularly with the South Korean retail market, with trading surging on local exchanges Bithumb and Upbit.