That $1.14 down to $0.06 drop is a classic crypto reality check. The 'hope phase' kills more portfolios than anything else. A 95% drawdown means it needs an 1,800% gain just to get back to its previous all-time high. Partnerships with giants like Mastercard look great on paper, but if there isn't active on-chain volume and liquidity migrating away from Solana or Sui, headlines are just noise. Take profits early, always

$SEI continued to nuke even after the Mastercard announcement, right back to $0.06.
The partnership news dropped on May 14, but the price barely reacted. The market clearly wants real activity and adoption, not just big headlines.
$SEI reached an ATH of $1.14 back in March 2024. Now it’s down about 95% from that level. A lot of people who bought into the hype are deep underwater.
If you caught SEI on the way up but refused to take any profit because you expected $10 next… that lesson probably hurt.
That’s why taking profits matters. You can still believe in a project and secure gains along the way.
Right now the pressure is heavy:
• Strong competition from Solana, Sui, Aptos, and other chains
• Many newer projects are already fading out
• 10B total supply, 6.73B already circulating, with more unlocks ahead
• FDV is still above $600M, so it needs huge buying pressure to move properly
The Mastercard partnership is good long term, but the market seems more focused on dilution and competition right now.
We’ve seen this many times before: strong tech, strong narrative, weak chart.
Respect market cycles and take profits when you can. Hope can get expensive.
What’s your view on $SEI
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