Sei Foundation Unveils ‘Parallelized’ EVM In v2 Upgrade, Driving 11% Spike In SEI’s Price

Summary

Sei Foundation proposes upgrading Sei to Version 2 with a high-performance, parallelized Ethereum Virtual Machine. The upgrade will be rolled out in three phases to ensure stability and scalability. The announcement has led to an 11% increase in SEI token price, with trading volume surging by 150%. The upgrade is scheduled for May 27th, and if successful, the token may target resistance levels of $0.592, $0.613, and $0.637, while potential support levels are at $0.544 and $0.527.