The price action of SEI is something I haven't observed before... 📈
Around
150,000,000 tokens have been farmed via
Binance Launchpool to date, which is the maximum amount of SEI that can be poured onto market.
There hasn't been a tokensale, the airdrop hasn't yet occured.
Theoretically, the demand for SEI should be at its highest 💶 – investors willing to enter the project on the first day of the token's availability. But all we got for now is a shaky
$0.16 mark 🤷♂️
The most probable reason is
everyone is waiting for the airdrop to come through – once the airdrop reserve gets drained, SEI is likely to hit an all-time-low. And that's when anyone smart 🧠 would join.
All in all, it's too early to judge the price until the hunters get their share and the farming pool is closed (30th of August) 🗓