SEI price surges to $0.062: can bulls sustain upward momentum?

  • SEI gained 10% to $0.062, fueled by Bitcoin’s $78k retest and positive risk sentiment.
  • Rising TVL, stablecoin growth, and Giga upgrade are bullish metrics.
  • A breakout from the long downtrend could allow for a retest of $0.10.

The SEI token has surged to the pivotal $0.062 level, with gains in the past 24 hours hitting double digits amid overall optimism among traders and analysts.

With Bitcoin topping $78,000 and risk appetite up, the potential for a reversal could accelerate ahead of a key network upgrade.

Sei price touches $0.062 as Bitcoin, crypto record gains

SEI token climbed to $0.062 on April 22, 2026, marking a sharp 10.5% gain over the past 24 hours amid a widespread crypto rally. Bitcoin led the charge, retesting $78,000 after consolidating near key support levels, while Ethereum and other majors posted similar advances.

The fresh uptick stems from improved global risk sentiment, as investors monitored the Iran ceasefire and its potential implications for the global economy.

Eased geopolitical tensions look to have boosted equities worldwide, with the S&P 500 and digital assets following suit.

In fact, the crypto markets’ mirroring of the positivity has pushed the total capitalization up 3% to $2.63 trillion.

The crypto fear & greed index hovers around 63, signalling overall greed.

For SEI, the uptick underscores both sensitivity to risk-on sentiment and network fundamentals.

Why are analysts bullish on SEI?

SEI bulls are largely upbeat due to robust on-chain metrics and strategic network developments.

Network activity has shown steady gains, bolstering the token’s recent price recovery. Total Value Locked (TVL) in DeFi now stands at over $146 million as fresh capital flows into DeFi protocols on the chain.

Stablecoin market cap hovers near $181 million, reflecting a 2% daily rise and solid liquidity. Meanwhile, USDY dominance at 59.43% points to efficient, concentrated capital deployment, reducing volatility risks.

A standout catalyst could emerge, as Token Relations noted recently, via Sei’s impending sunset of its Cosmos layer ahead of the Giga upgrade.

This is after Sei Labs rolled out system version 6.4, initiating a migration to Ethereum Virtual Machine (EVM) compatibility.

Developers eye the eventual decoupling of the network from Cosmos dependencies, streamlining architecture for broader interoperability.

The Giga upgrade, the next major milestone, promises transformative scalability by elevating throughput, slashing block times, and accelerating finality.

These improvements will empower high-frequency apps like decentralized exchanges, gaming platforms, and consumer dApps, potentially driving explosive demand for SEI tokens through increased usage and staking rewards.

Sei price analysis

SEI’s chart reveals a breakout to above $0.060 for the first time since late March. Although the downtrend remains, trading to highs of $0.062 could buoy bulls.

The token’s rebound from lows of $0.055 also means bulls need to clear primary resistance around $0.063-$0.065 to confirm shifting momentum.

From a technical view, gains have pushed the token above the 20-day and 50-day Exponential Moving Averages (EMAs), affirming short-term buyer control.

Volume spikes during the rally suggest conviction, with RSI climbing out of oversold territory to 60 and MACD flipping bullish.

Sei Price
SEI price chart by TradingView

If upside momentum holds, buyers will eye $0.078 resistance and year-to-date highs above $0.107 next.

However, a drop below $0.055 could invalidate the bullish setup and allow bears to target $0.049.

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Justin Sun sues World Liberty Financial for freezing his 2.94B WLFI tokens

  • Justin Sun says WLFI froze 2.94 billion tokens and removed voting rights.
  • Lawsuit filed after failed attempts to resolve the dispute privately.
  • WLFI has introduced a Governance proposal that may lock tokens for non-consenting holders.

Justin Sun has filed a lawsuit in a California federal court against World Liberty Financial (WLFI), alleging that the project froze his holdings of 2.94 billion WLFI tokens and stripped him of key investor rights without justification.

The move escalates a growing dispute between one of crypto’s most recognisable entrepreneurs and a project that has positioned itself around decentralised governance and early-stage token distribution.

In his public statement, Sun confirmed that he is seeking legal protection of his rights as a WLFI token holder.

Sun also emphasised that the lawsuit does not change his political stance or his support for the Trump administration’s pro-crypto direction. According to him, the dispute is strictly about investor treatment and token governance, not politics.

Frozen tokens and removed voting rights

At the centre of the case is Sun’s claim that WLFI froze all 2.94 billion of his tokens (540 million of unlocked tokens and 2.4 billion locked tokens). He argues that this action made it impossible for him to transfer, sell, or otherwise use his holdings.

The value of the holdings has dropped from over $107 million at the September 2025, when they were frozen, to around $43–$60 million by April 2026.

Sun also alleges that WLFI removed his governance voting rights tied to those tokens. This means he was unable to participate in key decisions affecting the protocol, including recent governance changes introduced by the project team.

Sun further claims that WLFI went beyond freezing his position and threatened to permanently destroy part of his holdings through token “burning.”

According to his statement, these actions were taken without clear justification and without providing him a fair opportunity to respond.

He also says he attempted to resolve the issue privately with WLFI before taking legal action. However, he claims the project team refused to restore access to his tokens or reinstate his governance rights, leaving him with no option but to proceed to court.

Sun has described his position as straightforward: he wants to be treated the same as other early investors who received WLFI tokens, without special privileges and without restrictions that are not applied equally.

Justin Sun also disagrees with WLFI’s Governance proposal

The legal conflict comes alongside disagreement over a WLFI governance proposal released on April 15.

Sun has openly opposed the proposal, arguing that it introduces conditions that could lock users’ tokens indefinitely if they do not actively accept new terms.

The proposal reportedly includes a requirement for 10% of advisor tokens to be permanently burned. It also introduces a structure for early purchaser tokens involving a two-year cliff followed by a two-year vesting schedule.

Under the same framework, users who do not explicitly accept the new terms could have their tokens locked indefinitely.

Sun has raised concerns that this creates an uneven system where investor rights depend on active consent after the fact. He also pointed out a structural conflict in his own situation.

Because his tokens are currently frozen, he says he cannot vote either in favour of or against the proposal, despite being directly affected by it.

This has added another layer to the dispute, as governance participation is typically considered a core function in token-based systems.

World Liberty Financial (WLFI) position

WLFI has pushed back against Sun’s claims, arguing that token restrictions were applied due to internal concerns related to security and compliance.

The project maintains that its governance mechanisms include administrative controls that can be used to protect the platform and its participants.

The disagreement highlights a broader tension in crypto governance systems, particularly in projects that market themselves as decentralised while still retaining centralised control features such as token freezing or administrative overrides.

Sun’s lawsuit places the focus on whether such controls were properly disclosed and whether they can be applied to large early investors without clear procedural safeguards.

With 2.94 billion tokens at the centre of the dispute, the outcome could influence how governance authority and investor rights are interpreted in similar token-based ecosystems going forward.

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PEPE surges 4% as market sentiment improves, eyes Key resistance breakout

Key takeaways

  • Pepe extends gains on Wednesday, stretching its rally from the 50-day EMA.
  • Derivatives data show heightened retail activity as risk-on sentiment returns to the market.

Pepe (PEPE) is experiencing a steady rally on Wednesday, trading in the green for the third consecutive day. The frog-themed meme coin is gaining traction as broader market sentiment improves, lifting retail demand for meme coins.

Market sentiment boosts meme coin demand

The broader market’s upside, despite ongoing geopolitical tensions surrounding the US-Iran blockade of the Strait of Hormuz and faltering peace talks, is boosting retail interest in meme coins. 

According to CoinMarketCap, the Fear and Greed Index is at 62 on Wednesday, showing a consistent rise in risk appetite since the US-Iran ceasefire announcement.

On the derivatives side, the PEPE futures Open Interest (OI) stands at $213.25 million, with a 7% increase in the last 24 hours. 

This surge in futures positions indicates growing participation from traders, aligning with the recovery in the spot price—further supporting a bullish outlook for PEPE.

Pepe tests breakout of key resistance level

The PEPE/USD 4-hour chart is bullish and efficient as Pepe’s short-term recovery remains intact, with a three-day rebound from the 50-day Exponential Moving Average (EMA) at $0.00000368.

However, PEPE is still trading below the 100-day and 200-day EMAs, which could cap the ongoing rally.

The Relative Strength Index (RSI) at 60 is edging higher from the midline, indicating mild positive momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains above its signal line, keeping the histogram bars positive.

At press time, PEPE is trading at $0.00000393. If the rally should continue, PEPE must break above its descending trendline near $0.00000400, close to the 100-day EMA at $0.00000404. 

PEPE/USD 4H Chart

A breakout above this level could pave the way for a rally toward the 200-day EMA around the $0.00000500 psychological resistance. 

On the downside, the 50-day EMA at $0.00000368 provides immediate dynamic support, with further downside protection at the February 6 low of $0.00000311.

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Bitcoin surges above $78k amid ceasefire extension and liquidity boost

Key takeaways

  • Bitcoin price rallies higher, trading above $78,000 on Wednesday after surging nearly 6% so far this week.
  • US-listed spot ETF recorded a mild inflow of $11.84 million on Tuesday amid uncertainty over US-Iran peace talks.

Bitcoin (BTC) extended its gains on Wednesday, trading above $78,000 after a significant 6% surge this week. BTC showed relatively muted institutional demand on Tuesday, with Bitcoin spot Exchange Traded Funds (ETFs) adding $11 million in inflows.

Bitcoin’s price was buoyed by both geopolitical developments and the US Treasury’s buyback plan, which could inject additional liquidity into markets and further support Bitcoin’s price momentum.

Ceasefire extension pushes BTC’s price higher

Bitcoin’s positive momentum was fueled by the extension of the two-week ceasefire announced by US President Donald Trump late Tuesday. The ceasefire, which was set to expire on April 22, was extended upon Pakistan’s request until Washington receives a unified proposal from Tehran. 

While Trump emphasized that the US blockade of Iranian seaports would remain in place, the ceasefire extension triggered a broad risk rally, driving Bitcoin to its highest price since February 3, reaching $78,452.

Market liquidity is expected to receive a significant boost this week, as the US Treasury is poised to buy back $15 billion of its own debt—matching the largest buyback in history. This move could provide fresh liquidity to the markets, creating favorable conditions for Bitcoin. As a liquidity-driven asset, Bitcoin could benefit from the influx of excess capital, which often flows into risk assets and alternative stores of value.

However, Bitcoin spot ETFs recorded a modest inflow of $11.84 million on Tuesday, down from $238.37 million the day before.
This cautious approach reflects investor uncertainty surrounding the ongoing US-Iran peace talks. However, if ETF inflows continue to increase, Bitcoin could see further upside potential.

Bitcoin price outlook: Bullish bias remains

The BTC/USD 4-hour chart remains bullish in the near term as Bitcoin is trading above both the 50-day and 100-day Exponential Moving Averages (EMAs) at $72,345 and $75,368, respectively.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) remain constructive, suggesting that buyers are in control.

Resistance levels lie at the 50% Fibonacci retracement near $78,962, followed by the psychological $80,000 level and the 200-day EMA at $82,769. 

BTC/USD 4H Chart

On the downside, initial support is expected around the prior channel top at $75,680, with further protection from the 100-day EMA at $75,368 and the 38.2% Fibonacci level at $74,487. The 50-day EMA at $72,345 and the lower channel boundary near $62,950 provide deeper support.

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Arbitrum freezes 30K ETH in KelpDAO hack as attacker routes funds to Bitcoin

  • Arbitrum froze 30,766 ETH before it could be bridged out.
  • Attacker moved 75,701 ETH and began routing funds to Bitcoin.
  • Over $176 million is being laundered through multiple parallel flows.

Arbitrum has frozen a significant portion of funds linked to the KelpDAO exploit, even as the attacker moves to push the remaining assets beyond reach.

The Arbitrum Security Council confirmed it froze 30,766 ETH, valued at over $70 million at the time of action.

The funds were tied to an address associated with the KelpDAO attacker and were secured before they could be bridged out of the network.

The intervention came after coordination with law enforcement, suggesting authorities may already have leads on the exploiter’s identity.

A race against time

Blockchain investigators, including PeckShield, had flagged that the attacker was already attempting to move the funds off Arbitrum using a native bridge.

Had that transfer been completed, the ETH would likely have joined a much larger pool of stolen assets already in circulation across other chains.

By intervening when it did, Arbitrum prevented roughly 29% of the stolen funds from entering the laundering pipeline. However, the remaining assets were not as fortunate.

The KelpDAO exploit itself is estimated at around $290 million, making it one of the largest decentralized finance breaches of 2026.

The attacker moved quickly after the initial exploit, splitting funds across multiple wallets and chains in an effort to reduce traceability.

Laundering shifts to Bitcoin

Following the freeze, the attacker accelerated efforts to move the remaining funds.

Data shows that approximately 75,701 ETH, worth about $175 million, was transferred to Ethereum mainnet.

From there, the funds began moving into Bitcoin through decentralized protocols like THORChain, Chainflip, and Umbra Cash, which allow direct cross-chain swaps without relying on centralized exchanges.

PeckShield analysts observed that the attacker left only about 0.7 ETH in some wallets, just enough to cover transaction fees, while draining the rest into new routes.

This pattern reflects a high level of operational discipline and planning.

Another $176 million portion of the stolen funds has also been actively moved in parallel transactions.

Rather than laundering everything in a single flow, the attacker appears to be running multiple streams at once.

This staggered approach reduces the risk of a single point of failure and makes recovery efforts more difficult.

Is the infamous North Korea’s Lazarus Group linked to the KelpDAO exploit?

The scale and coordination of the operation have led investigators to link the exploit to North Korea’s Lazarus Group, specifically a subgroup known as TraderTraitor.

This attribution is based on transaction patterns and laundering techniques that match previous operations tied to the group.

Lazarus has a long history of targeting crypto platforms and using complex cross-chain strategies to obscure stolen funds.

The use of decentralized bridges and rapid asset conversion seen in the KelpDAO case fits that pattern closely.

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