Sei Price Prediction: 95% Down From ATH, and the Market Cap Story Makes It Worse

SEI is down 95% from its all-time high. That’s brutal. But here’s the part that makes it even worse. The market cap actually went higher after the ATH price, and the token still collapsed. That one fact tells you everything about why $1 is probably never coming back.

This is the part most people miss. SEI hit its all-time high price of $1.14 in March 2024. At that point, the circulating supply was around 2.7 to 3 billion tokens. The market cap was roughly $2.2 to $2.5 billion.

Fast forward to January 2025. The market cap climbed even higher, pushing above $2.5 billion during the broader altcoin rally. By traditional logic, the SEI price should have been at or above its ATH. Instead, the SEI price was trading at $0.63.

Why? Because while the market cap grew, the circulating supply moved from roughly 3 billion tokens to nearly 5 billion. The float almost doubled in less than a year. New money was flowing in, but new tokens were flooding in faster.

The supply tsunami

SEI has a total supply of 10 billion tokens. As of April 2026, roughly 6.73 billion are in circulation. That’s 67% unlocked. It sounds like the worst is over? It’s not.

The token allocation tells the real story. 48% goes to the Ecosystem Reserve. 20% each to Team and Private Sale Investors. 9% to Foundation. 3% to Binance Launchpool. 

Monthly unlocks have averaged 100 to 150 million SEI during peak vesting periods in 2025. That’s 1.5 to 2% of circulating supply every single month. The April 15, 2026 unlock alone releases another 55.56 million SEI to the team allocation. And this schedule continues through 2032 to 2035.

Now, here’s the math that kills the $1 dream. At the current circulating supply of 6.73 billion tokens, the SEI price at $1 would require a market cap of $6.73 billion. The current market cap is $354 million. That’s a 19x from here. But by the time enough momentum builds to push the SEI price anywhere near $1, the circulating supply will be 7.5 to 8 billion tokens.

$SEI is 95% down from its ATH

But here is what makes it worse.

The market cap actually went HIGHER after the ATH price and @SeiNetwork token still collapsed.

That one fact tells you everything about :

“Why $1 is probably never coming back”

Let me break it down :

👉 THE… pic.twitter.com/iACwsVBN2i

— Our Crypto Talk (@ourcryptotalk) April 9, 2026

The chain is bleeding value of SEI 

Good technology means nothing if capital does not stay. SEI’s TVL exploded to $600 to $680 million by mid-2025. Incentive programs were working. By April 2026, it has cratered to $39 to $60 million. That’s a 90% to 95% collapse. One of the worst capital flights of any Layer 1 in this cycle.

The daily chain fees tell the real story. $368 per day. That’s for an entire Layer 1 blockchain that raised $95 million from investors including Jump Crypto, OKX Ventures, and Multicoin Capital.

DEX volume hovers around $9 to $10 million daily. Stablecoin market cap sits at $181 million, but native liquidity is only $118 million. The rest are bridged assets looking for an exit.

The technical side for SEI

The weekly chart paints a brutal picture. Since the March 2024 ATH, the SEI price has printed nothing but lower highs. Every single rally has been sold. The descending trendline from $1.14 has rejected every attempt at recovery. This structure has been intact for nearly two years.

The SEI price currently sits at $0.053. To even begin a conversation about $1, you first need to reclaim $0.25. That is the key level where prior support turned into resistance. The zone between $0.24 and $0.27 acted as a base throughout mid-2024 and mid-2025. 

The structure shows two major rejection zones. The first around $0.25 to $0.30 where multiple rallies have died. The second around $0.60 to $0.70 which capped the late 2024 and early 2025 bounces. Both of these need to flip to support before $1 is remotely in play.

What this means for SEI

The SEI price is down 95%. The market cap illusion tricked people into thinking the token was holding value when it was actually being diluted into oblivion. The supply schedule continues for years. The chain is generating negligible fees. TVL has collapsed. The technicals are broken.

Could the SEI price bounce from here? Sure. Anything can bounce. A move to $0.10 or $0.15 isn’t impossible. But the idea of $1 requires a market cap that grows faster than the supply.

Right now, it’s adding up to a very tough road back to anything close to $1. Not impossible. But close. CoinCodex’s 1-month SEI price prediction places the token at $0.04125, which is below its current level near $0.053, pointing to potential further downside in the near term.

Source:: Sei Price Prediction: 95% Down From ATH, and the Market Cap Story Makes It Worse