Just this morning, after discussing some data about stablecoins, I thought of SEI. I mentioned SEI on June 28 when its closing price was 0.29. Yesterday, it saw a price increase of about 22%, especially since the recent stablecoin legislation and narrative hype effects are likely to extend to related sectors. I also talked about some current data and narratives at the end of last month. Recently, as the overall market reached new highs, SEI has also performed well in terms of on-chain data. On July 10, Circle announced the launch of USDC on SEI, and on the same day, the stablecoin TVL reached a new high in market value. In just two months, the TVL has already doubled, indicating that there is sufficient support data in terms of funding. The most important point is that on June 28, I mentioned that Circle had disclosed in its IPO documents that it is an investor in Sei, and I also discussed the analysis of WLFI buying Sei when it was still around the low of 0.17. Based on the information above and my personal opinion, if market sentiment and funding can maintain a basic level, I believe SEI has a good chance of following a trend similar to SUI from last August to December.
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