SEI Jumps 26% to $0.063 as Canary's 90% Staking Plan Tightens Supply
- —SEI gained 25.93% in 24 hours to $0.06285 as volume surged 289% to $203.44 million
- —Canary Capital's amended S-1 proposes staking about 90% of the ETF's SEI holdings
- —Roughly 4.2 billion of 10 billion SEI, or 42% of supply, is already staked
- —RSI hit 87.64, open interest sits near $95 million with funding at +0.01%
Why it matters: The ETF is still pending approval and has drawn no actual creations, so the rally rests on expectations and could unwind without spot demand.
Source: AMBCrypto