Sei (SEI) has been moving through a rough stretch, but recent developments show the project building beneath the surface.
On February 21, SEI’s 3-day RSI dropped to multi-year lows, placing it in extreme oversold territory. Days earlier, 21Shares and Canary filed for SEI ETFs, though approval is unlikely before Q2 2026.
At ETHDenver’s Quantum Summit, Sei’s co-founder aligned the network with post-quantum cryptography discussions. Even during a pullback, institutional groundwork continues. At the same time, on-chain activity tells a separate story.
Large Wallets Are Buying the SEI 30% Dip
Altcoin Buzz reported that major wallets have been steadily accumulating SEI over the past 24 hours. This buying followed a 30% macro pullback that flushed out weaker hands.
When sharp drops hit, retail often exits in frustration. That supply has to be absorbed somewhere. Data now shows larger holders stepping in at these demand zones.
The SEI price is trading at $0.06607. That places it near the lower end of its recent range after the correction.
Accumulation during fear phases is not random. Bigger players tend to scale in when liquidity is available and sentiment is washed out. If that pattern continues, it reduces available circulating supply at these levels.
Sei is currently orchestrating a massive structural reset.
— Altcoin Buzz (@Altcoinbuzzio) February 24, 2026
On-chain data over the past 24 hours has revealed a steady, methodical accumulation by large-tier wallets aggressively buying up the recent 30% macro pullback.
With whales absorbing retail capitulation at these demand… pic.twitter.com/tI9qCothHt
Meanwhile, the multi-year low on the 3-day RSI from February 21 signals exhaustion. That type of reading appears when selling has stretched too far, too fast.
Oversold conditions alone don’t guarantee a bounce. But when they align with visible accumulation and ETF filings in progress, the setup becomes more interesting.
The ETF applications from 21Shares and Canary introduce a longer-term narrative. Approval may take time, but filings alone position SEI in conversations that extend beyond retail speculation.
Add the network’s visibility in post-quantum security discussions, and Sei is building credibility on multiple fronts during a market downturn.
Read Also: After 5 Years of Pain, Altcoins Just Flashed the Same Signal as 2020
Here’s the Sei Price Target If Accumulation Continues
If large wallets continue absorbing supply and selling pressure fades, the first recovery level to watch sits near $0.075. A move above that area would signal early strength returning.
The next major area is just above $0.075, which is $0.085. Breaching this area will bring $0.10 back into the picture, which is a psychological level and a previous consolidation area.
If the momentum continues to build, and the markets stabilize, the area of $0.12 to $0.14 can become a reasonable target.That range marks prior distribution levels before the 30% pullback.
On the downside, if accumulation stalls and pressure resumes, $0.058 and $0.050 become the next areas where buyers could reappear.
Right now, the SEI price trades at $0.06607, sitting in a zone where larger wallets are active. While oversold, the ETF filings, and institutional support give the project more substance than the price action alone.
Will this be a reversal or a consolidation? One thing to watch: will the buyers continue to absorb the supply
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