币界网报道：SEI's user activity has surged significantly, raising speculation about a potential short squeeze as its price approaches $0.35. On-chain data reveals a sharp increase in active addresses, with daily active users jumping from 30,000 to over 100,000 in recent weeks. This heightened network activity coincides with SEI's price recovery from $0.14 to $0.34, marking a 140% increase. Market analysts note that rising user engagement often precedes price rallies, as seen in previous cycles. The growing open interest in SEI futures—now exceeding $100 million—suggests mounting trader interest. However, some caution that leveraged positions could trigger volatility if the price reverses. SEI's ecosystem developments, including new DeFi integrations and NFT projects, appear to be driving adoption. The token's circulating supply remains relatively low at 2.4 billion, with staking locking up nearly 50% of available coins. While technical indicators show SEI approaching overbought territory, sustained network growth may support further upside. Market watchers are monitoring whether the current momentum could force short sellers to cover positions, potentially accelerating gains.