SEI Skyrockets in Usage as ETF Filing, TVL Surge, and Circle Support Align

Tatevik Avetisyan
By Tatevik Avetisyan 7 Min Read

On June 25, 2025, the SEI/USDT weekly chart formed an inverse head and shoulders pattern — a bullish reversal structure that often signals the end of a downtrend and the start of a new upward phase.

SEI/USDT Inverse Head and Shoulders. Source: TradingView
SEI/USDT Inverse Head and Shoulders. Source: TradingView

This inverse head and shoulders includes:

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  • A left shoulder formed in February 2025.

  • A head printed in late March 2025 with a lower low.

  • A right shoulder formed by early June 2025.

The neckline sits around $0.230, and the breakout occurred with a strong bullish candle closing above that resistance.

This technical formation suggests the price may climb approximately 67% from the breakout point. From the current price of $0.29, that projects a target near $0.4835 — marked in blue on the chart.

The price trades just below the 50-week Exponential Moving Average (EMA) at $0.3035, which now acts as short-term resistance. A weekly close above this EMA would further validate the breakout.

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Volume has surged alongside the breakout, reaching 1.58 billion, confirming rising demand.

The next major resistance zone is at $0.4835, aligned with prior highs from early 2024. If SEI clears this level, the structure will confirm a full trend reversal from the year-long downtrend.

If bulls fail to hold above the neckline, the pattern could invalidate, and SEI may retest support near $0.19.

Let me know if you need a rewritten article using this chart.

RSI Confirms Strengthening Momentum

On June 25, 2025, the Relative Strength Index (RSI) for SEI/USDT on the weekly chart climbed to 53.70, moving above the neutral 50 mark for the first time in nearly a year. This level signals that bullish momentum is returning. The RSI crossed above its 14-period moving average, which sits at 41.43, confirming an upward trend shift.

RSI Analysis. Source: TradingView
RSI Analysis. Source: TradingView

This breakout follows the completion of an inverse head and shoulders pattern. Together, these indicators show early signs of a trend reversal. The RSI has more room before reaching the overbought zone (above 70), suggesting that price may continue to rise in the short to mid term.

Sei Selected for Wyoming’s State Stablecoin Project

On June 25, 2025, the State of Wyoming named Sei blockchain as the preferred infrastructure for its official stablecoin, the Wyoming Stable Token (WYST). This decision placed Sei at the center of national attention.

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Wyoming Stablecoin Candidate Announcement. Source: Sei Network on X (@SeiNetwork)
Wyoming Stablecoin Candidate Announcement. Source: Sei Network on X (@SeiNetwork)

The Wyoming  Stable Token Commission’s selection signals trust in Sei’s technical capabilities. Known for its high-speed design optimized for decentralized exchanges, Sei will serve as the foundation for issuing the state’s fiat-backed digital currency.

Wyoming has earned a reputation as the most blockchain-forward U.S. state. By choosing Sei over older competitors, it reinforced its commitment to new, efficient systems. This move came amid ongoing discussions in Washington around digital assets and financial modernization.

Sei’s role in this project extends beyond utility. The network’s throughput, low-latency design, and built-in optimizations make it suitable for handling public sector-level transactions.

The news triggered increased attention toward the SEI token. However, this recognition stems from more than market speculation. Sei’s ongoing adoption in decentralized trading and recent ecosystem growth supported its selection as a stable infrastructure choice.

Circle Reveals SEI as Top Holding, ETF Filing Adds Institutional Momentum

SEI’s position in the institutional market grew stronger this week. In its initial public offering (IPO) filing, USDC issuer Circle confirmed that SEI is the largest cryptocurrency holding on its balance sheet—ranking above both Ethereum and Bitcoin.

Circle SEI Holdings Disclosure. Source: Sei Network on X (@SeiNetwork)
Circle SEI Holdings Disclosure. Source: Sei Network on X (@SeiNetwork)

This disclosure changed how investors view SEI. It showed that major financial players now see SEI as a long-term asset, not just a short-term token.

At the same time, Canary Capital, an asset management firm, filed for an exchange-traded fund (ETF) based on SEI. If regulators approve it, this would be the first ETF directly tied to the SEI ecosystem. The move could bring SEI to traditional investors and open access to more institutional capital.

Sei co-founder Jeff Feng responded by saying,

“Exciting to see major progress in the institutional adoption of Sei,”

in a recent post.

SEI ETF Filing Announcement. Source: Jeff Feng on X (@jeffdxfeng)
SEI ETF Filing Announcement. Source: Jeff Feng on X (@jeffdxfeng)

Together, the Circle disclosure and ETF filing support a shift in how the market treats SEI. These steps point toward growing institutional trust, better capital inflow, and lower volatility—important features for professional investors.

Sei Ecosystem Sees Record Growth in Users, TVL, and Gaming Market Share

SEI’s recent momentum extends beyond news coverage. Core adoption metrics now show rapid growth across users, decentralized finance (DeFi), and Web3 gaming.

The Sei Network reached 600,000 active wallets, even after a 30% price dip earlier this month. This steady user engagement reflects real activity rather than short-term speculation.

Recent data from Flipside shows Sei now ranks second among all Ethereum Virtual Machine (EVM)-compatible blockchains by user count. It has overtaken Arbitrum, Optimism, Polygon, and Binance Smart Chain in this category.

SEI Daily Addresses Chart. Source: Flipside
SEI Daily Addresses Chart. Source: Flipside

Philip, a known Sei community member, pointed out that the network holds nearly 30% of the Web3 gaming market—surpassing Ronin and BNB Chain in player traction.

SEI Adoption Highlights Summary. Source: Phillip on X (@phillip.xyz)
SEI Adoption Highlights Summary. Source: Phillip on X (@phillip.xyz)

Meanwhile, Sei’s Total Value Locked (TVL) continues to surge. According to DeFi tracking platform DefiLlama, SEI’s TVL hit a new all-time high of $560.28 million. It now stands over halfway to the $1 billion mark. Protocols such as Takara Lend and Yaka Finance are contributing to this rapid growth.

SEI Total Value Locked and DeFi Metrics. Source: DeFiLlama
SEI Total Value Locked and DeFi Metrics. Source: DeFiLlama

This combination of user base expansion, rising DeFi participation, and dominance in gaming places Sei in a strong position for continued adoption.

Tatevik Crypto Journalist CoinChapter

Tatevik Avetisyan

Tatev Avetisyan is a Markets Writer and Analyst at CoinChapter, covering cryptocurrency markets, policy, and regulation. With over seven years of experience in business and marketing development, she has spent the past two years specializing in digital assets and has authored more than 2,000 articles on crypto markets and regulatory developments. She contributes as a guest writer to leading industry publications and is a prominent Web3 advocate in Armenia through Web3Armenia. Her work reflects a broader focus on artificial intelligence and Web3 technologies. Tatev maintains a diversified crypto portfolio, with Bitcoin as her primary holding above CoinChapter’s $1,000 disclosure threshold.