Sei Network Faces 7.86% Price Drop Amidst Technical Downtrend and Network Upgrades
Sei (SEI) price declined 7.86% to $0.05745 as bearish signals emerged and network activity showed signs of weakness.
Sei (SEI) price declined 7.86% to $0.05745 as bearish signals emerged and network activity showed signs of weakness. Sei (SEI) is trading at ₹5.46 ($0.0576), up 0.6% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Fri, 23 Oct 2026 02:15:02 UTC.
The price decline and bearish technical indicators raise concerns about near-term sentiment, while network upgrades could drive future growth in Sei's ecosystem.
- Sei price dropped 7.86% to $0.05745 amid bearish momentum signals.
- Sei's TVL declined through October, indicating reduced network activity.
- Network upgrade aims for 200,000 TPS to support tokenized markets.
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- Sei Network Faces 7.86% Price Drop Amidst Technical Downtrend and Network Upgrades — this brief
Sei (SEI) experienced a significant price decline of 7.86%, dropping to $0.05745. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signaled bearish momentum, suggesting potential near-term weakness.
The decline in Sei's Total Value Locked (TVL) throughout October further indicates reduced network activity, which could be contributing to the current price downturn. This decrease in TVL may reflect a broader market trend or specific challenges within Sei's ecosystem.
Despite the current downturn, Sei's development team is working on the Giga upgrade, which aims to increase the network's transaction processing capacity to 200,000 transactions per second. This upgrade could position Sei to play a significant role in the tokenized financial markets, potentially driving future growth.
In the broader market context, the total crypto market cap stands at $2.8 trillion, with 
Bitcoin also experiencing a 24-hour decline of 3.22%. The overall market sentiment, as measured by the Fear & Greed Index, remains neutral at 50.
The combination of bearish technical indicators and declining TVL suggests near-term challenges for Sei. However, the upcoming Giga upgrade could be a key factor to watch, as it has the potential to attract more users and developers to the network.
Since this brief published about 1 hour ago, Sei (SEI) has moved from ₹5.43$0.0572 to ₹5.46$0.0576 — +0.56%.
The chart plots SEI's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SEI ≈ ₹5.94 (about $0.0576), down 6.9% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Sei Network Faces 7.86% Price Drop Amidst Technical Downtren — questions & answers
What caused Sei's price to drop?
The price drop was likely due to bearish technical indicators and declining network activity, as indicated by the RSI, MACD, and TVL data.
What is Sei's Giga upgrade?
The Giga upgrade is a network enhancement aiming to increase Sei's transaction processing capacity to 200,000 transactions per second.
How does Sei's current market position compare to Bitcoin?
Sei has declined more sharply than Bitcoin, with a 7.86% drop compared to Bitcoin's 3.22% decline over the past 24 hours.
How much is 1 Sei worth in rupee today?
About ₹5.94 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0576. The rupee price moves with both SEI's US-dollar price and the USDT/INR rate; use our Sei in rupee page for any amount.
Has Sei's price moved since this brief was published?
SEI is up 0.56% since this brief first published — trading at ₹5.46 ($0.0576) now versus ₹5.43 ($0.0572) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.