{"id":31578,"date":"2024-05-30T03:33:23","date_gmt":"2024-05-30T03:33:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sei-price-drops-amid-distribution-of-over-27m-tokens-after-fruitful-v2-upgrade\/"},"modified":"2024-05-30T03:33:23","modified_gmt":"2024-05-30T03:33:23","slug":"sei-price-drops-amid-distribution-of-over-27m-tokens-after-fruitful-v2-upgrade","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sei-price-drops-amid-distribution-of-over-27m-tokens-after-fruitful-v2-upgrade\/","title":{"rendered":"SEI price drops amid distribution of over 27M tokens after fruitful v2 upgrade"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/SEI-price-drops-amid-distribution-of-over-27M-tokens-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/SEI-price-drops-amid-distribution-of-over-27M-tokens-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/SEI-price-drops-amid-distribution-of-over-27M-tokens-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/SEI-price-drops-amid-distribution-of-over-27M-tokens-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Sei v2 upgrade introduces sub-second transaction finality, enhancing scalability.<\/li>\n<li>Sei Foundation implements fairer eligibility criteria for token distribution event.<\/li>\n<li>SEI token price drops by 3.91% to $0.5185 amid distribution of 27M tokens post v2 upgrade.<\/li>\n<\/ul>\n<p>The SEI token has experienced a notable decline in price, dropping by 3.91% in the past 24 hours to $0.5185, at press time, coupled with a decline in trading volume by 19.51% over the past 24 hours.<\/p>\n<p>This downturn comes amidst the distribution of over 27 million SEI tokens following a successful v2 upgrade by the Sei Foundation.<\/p>\n<h2>Rewarding active participation in SEI ecosystem<\/h2>\n<p>Sei Foundation initiated the distribution of over 27 million tokens through an <a href=\"https:\/\/x.com\/Sei_FND\/status\/1795537815800832422\">airdrop event<\/a> to reward active participation in the ecosystem since the Pacific-1 Mainnet launch.<\/p>\n<p>The second of its kind, this event acknowledges the contributions of Mainnet users, reflecting the foundation\u2019s commitment to fostering community engagement.<\/p>\n<p>The distribution process, however, faced criticisms regarding fairness in light of previous airdrop events. To address this, the foundation implemented eligibility criteria, ensuring a more equitable distribution.<\/p>\n<p>Addresses holding more than 42 SEI or liquid staked tokens, along with those possessing two or more <a href=\"https:\/\/coinjournal.net\/news\/tag\/nft\/\">NFTs<\/a> from the top eight collections by volume, were eligible to receive tokens.<\/p>\n<p>Notably, addresses with exceptionally high SEI holdings or NFT collections were excluded from the distribution, aiming to promote fairness among participants.<\/p>\n<h2>Sei\u2019s successful v2 upgrade<\/h2>\n<p>The successful upgrade to v2 marks a significant milestone for Sei network, introducing sub-second transaction finality and enhanced scalability.<\/p>\n<p>With transactions now confirmed and completed in under one second, the network aims to enhance user experience and compete effectively with other parallelized EVM networks such as Monad and Neon.<\/p>\n<p>DevilK, a Sei Foundation executive, expressed optimism about the upgrade, highlighting its potential to unlock new opportunities for users and developers alike.<\/p>\n<p>As the distribution of tokens continues and the network evolves with the v2 upgrade, stakeholders remain vigilant, assessing both the technological advancements and market dynamics shaping the cryptocurrency\u2019s ecosystem.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sei-price-drops-amid-distribution-of-over-27m-tokens-after-fruitful-v2-upgrade\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Sei v2 upgrade introduces sub-second transaction finality, enhancing scalability. Sei Foundation implements fairer eligibility criteria for token distribution event. SEI token price drops by 3.91% to $0.5185 amid distribution of 27M tokens post v2 upgrade. The SEI token has experienced a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":31579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31578"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31578"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31579"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}