Analysis: SEI Token Could Reach Nearly $500M Market Cap After Listing on Binance

Odaily Planet Daily News Binance will list Sei (SEI) on August 15. According to the data disclosed by Binance, the total amount of SEI tokens is 10,000,000,000 SEI, and the initial circulation is 1,800,000,000 SEI (18% of the total amount of tokens). Aevo recently launched Pre-Launch token futures, the first token is SEI. As of now, traders see SEI changing hands at $0.26 immediately after its initial launch, according to Aevo Pre-Launch Token Futures data. At this price, SEI would have a market capitalization of $486 million and would rank among the top 100 cryptocurrencies. According to data tracked by CoinGecko, as of now, SEI cannot be traded on any cryptocurrency exchanges. (CoinDesk) According to previous reports, Aevo, a derivatives trading platform under Ribbon Finance, an on-chain structured product, announced the launch of Pre-Launch token futures, providing perpetual contract trading services for upcoming tokens. This product has no index price and no funding rate, but once the token is listed on the spot market, it will immediately start referring to the index price and enforce the funding rate. Aevo stated that due to the experimental and high-risk nature of the product, Aevo will implement strict position limits and open contract caps in these markets. The first token listed is SEI.