SEI (Sei) rose 5.27% in the last 24 hours.

Gate News Bot news, September 19th, according to CoinMarketCap, as of the time of writing, SEI (Sei) is currently priced at $0.35, having risen 5.27% in the last 24 hours, with a high of $0.36 and a low of $0.31. The current market capitalization is approximately $2.129 billion, an increase of $107 million compared to yesterday, currently ranked 56th.

Sei is a high-speed parallel blockchain platform that pushes the boundaries of blockchain technology through open-source development, aiming to create a new design space for consumer-facing applications. Sei achieves a block finality time of 400 milliseconds, processing 100 million Gas per second, with over 3 billion transactions processed in total. Its unique parallel runtime architecture is designed to enhance scalability and developer flexibility while maintaining high security. Sei is committed to becoming the fastest blockchain in the industry, providing an ideal platform for Web2-like experiences such as high-frequency trading and real-time digital transactions.

Important news about SEI recently:

1️⃣ Wallet system upgrade impacts short-term liquidity

A major trading platform will suspend the deposit and withdrawal services of SEI (Sei Network) starting from September 18, 2025, at 23:00 (Hong Kong time) due to a wallet system upgrade. This suspension may impact the short-term liquidity of SEI, leading to increased market volatility.

2️⃣ Technical upgrades or drive long-term development

Although the wallet system upgrade may cause inconvenience in the short term, in the long run, it may be part of the improvement of the SEI network infrastructure. Technical upgrades help enhance the security and efficiency of the network, laying the groundwork for future development.

3️⃣ The market reaction shows investor confidence

Despite the news of the suspension of deposit and withdrawal services, the price of SEI has risen by 5.27% within 24 hours, indicating that investors remain confident in the long-term prospects of SEI. This price resilience may reflect the market's recognition of SEI's technological strength and development potential.

From a technical perspective, the SEI price fluctuates between $0.31 and $0.36, indicating a certain level of price support. However, the suspension of deposit and withdrawal services may increase price volatility in the short term. Investors should closely monitor notifications regarding the resumption of services and the potential impact on market liquidity.

This message is not an investment advice; investors should pay attention to the risks of market volatility.