The SEIYAN Meme Coin Hype on the Sei Network
The SEI token on the SEI network has experienced a 43% increase in the past week, reaching a market capitalization of $1.6 billion. However, the real excitement lies with the SEIYAN meme coin, named after the Dragon Ball-inspired term used by SEI token holders.
The Rise of SEIYAN Meme Coin
SEIYAN meme coin has seen significant growth, initially appearing to have grown by 214% in the past week. However, it is currently up 99% over the past seven days. Despite being minted just a week ago, its trading volume has surpassed $6.5 million, making it one of the most active trading pairs on the network.
The Controversy Surrounding SEI Token Airdrop
When the SEI network launched in August 2023, it quickly achieved over $1 billion in trading volume within a day. However, controversy arose over the delayed airdrop of SEI tokens to developers who had been building on the Sei testnet. This led to complaints and trending hashtags like “#seiscam” on social media platforms.
Investment and Competitors
The Sei Network has raised $35 million across two rounds of funding and has investors such as Jump Crypto and Multicoin Capital. Its competitors, Aptos and Sui, have also faced challenges since their respective launches but have not achieved the success of Solana.
Hot Take: The Future of SEIYAN Meme Coin
New year brings new hype for the SEIYAN meme coin on the Sei Network. With its exponential growth and active trading volume, SEIYAN has caught the attention of crypto enthusiasts. However, it remains to be seen whether this hype will be sustained or if it’s just a passing trend in the volatile world of cryptocurrencies.
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