Aug 17, 2023

Data from CoinGecko shows that the token of the just-launched layer-1 blockchain Sei has plunged after its airdrop, pushing the market cap to $314.8 million.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. New layer one Blockchain says Token is plunging after its airdrop, pushing the market cap to $314.8 million. That's according to data from coin gecko early adopters flooded X formerly known as Twitter with complaints about the meagerness of token allocations all while recipients appeared to dump their holdings on the market. The State Foundation posted to that it tripled the number of eligible wallets on Ethereum, Polygon, Arbi and Solana. Due to quote fervent demand on quote, disappointed users pointed out that the project should have focused more on increasing the allocation to users who participated in the test net phase. Say token is currently trading around 17 cents. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

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