FxWirePro- Token Unlock Today (SEI)

1. Unlock date: January 15
2. Number of tokens unlocked: 55.56 million SEI
3. Current circulating supply: 4.20 billion SEI

Sei Network will unlock 55.56 million SEI tokens, which is approximately 1.32% of the 4.2 billion SEI tokens it will have in the market on January 15, 2025. The event is important because such a large number of tokens will unlock, changing how the market might behave as the supply is now increased.

The unlock date is January 15, 2025. The total number of SEI tokens that will be released is 55,560,000. Today's price for SEI is approximately $0.379054. This means that it has a market capitalization of about $1.59 billion and sells for around $125 million.

Sei Network is a type of Layer 1 blockchain developed with the Cosmos SDK. It is specifically designed to enhance the trading system for decentralized exchanges and other financial applications.

The unlocking of those tokens may tend to increase sales because new ones will be found in the marketplace, which influences the price for that short period and in the future. In other cases, historical data has brought about changes; traders will continue to monitor it to see its influence on transactions. This token unlock is Sei Network's part of planning for the ultimate growth of their platform, providing a faster scale of decentralized applications for finance use.

 % of Allocation

SEIUSD major resistance and support

Major resistance- $0.75

Major support - $0.25