SEI drops over 17% after breaking key trendline as activity and flows weaken

SEI fell more than 17% over the past 24 hours at press time, underperforming a broader crypto market move that was down over 5%. Network usage and liquidity metrics weakened in early June, while more than $13 million in Futures selling over the same 24-hour window added pressure. Technical indicators showed a break of a two-month support line, though a buy signal near oversold levels pointed to a possible rebound around $0.04845 if conditions improve.