What’s Driving Solana, Stacks, Sei, and Pyth Network’s Gains?

Several cryptocurrencies, including Solana (SOL), Stacks (STX), Sei (SEI), and Pyth Network (PYTH), have experienced significant price increases and trading activity in the past 24 hours.

Solana’s price skyrocketed, reaching $152.62, a 10.53% increase within the last 24 hours. Stacks has also experienced a 10.49% increase, bringing its current price to $1.40. Meanwhile, Sei and Pyth Network have posted gains of 8.31% and 8.11%, respectively, over the past 24 hours.

The surge in Solana’s price accompanied by a trading volume of $5,541,110,630, indicating high market activity and investor interest. Solana’s market cap now stands at $71,177,110,605, with a circulating supply of 466,354,898 SOL coins. Solana continues to demonstrate resilience and potential as a key player in the crypto market.

Stacks recorded the 10.49% rise and is currently trading at $1.40. The trading volume for Stacks is $108,948,376, reflecting active trading. The market cap for Stacks is $2,063,100,519, with a circulating supply of 1,477,722,958 STX coins. The maximum supply of STX coins is capped at 1,818,000,000.

Sei’s price rose by 8.31%, trading at $0.258406, with a trading volume of $60,285,203 and a market cap of $820,439,218. The circulating supply of SEI coins is 3,175,000,000. Besides the price increase, Sei has expanded its investment strategies.

In addition to the price rise, SEI has enhanced its Separately Managed Account (SMA) and Unified Managed Account (UMA) solutions, incorporating fixed income-based direct indexing and dividend-focused equity options.

Pyth Network’s price has risen by 8.11%, reaching $0.280841. It has a trading volume of $61,431,635 and a market cap of $1,018,045,445. Moreover, Pyth Network has gained support from Coinbase Institutional. Coinbase Prime now offers custody services for PYTH tokens, providing a secure storage option for institutional investors boosting Pyth Network’s credibility.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source