Data from CoinGecko shows that the token of the just-launched layer-1 blockchain Sei has plunged after its airdrop, pushing the market cap to $314.8 million. Early adopters flooded X, formerly known as Twitter, with complaints about the meagerness of token allocations, all while recipients appeared to dump their holdings on the market. CoinDesk’s Jennifer Sanasie presents “The Chart of the Day.”
