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<p><strong>Leshka.eth, a prominent Twitter analyst and respected trader, <a href="https://twitter.com/leshka_eth/status/1691852059132526736?s=20" target="_blank" rel="noopener noreferrer nofollow">recently provided his analysis</a> on the SEI project., highlighting that the project was a “a total disappointment” for every contributor. </strong></p> 
<p>Here’s a breakdown of his observations:</p> 
<h3 class="wp-block-heading" id="strong-l1-meta-s-decline-strong"><strong>L1 Meta’s Decline</strong>: </h3> 
<p>When Aptos Network announced their L1, it garnered significant attention, with the community eagerly anticipating its launch. However, the excitement was short-lived. Aptos, which was introduced a year ago, has shown that anything other than Ethereum and L2 is bound to face challenges. </p> 
<p>With a Total Value Locked (TVL) of $54M and <strong>a daily volume of just $1M</strong> across the entire chain, it’s evident that the majority of this is made through the L0 bridge. Leshka.eth aptly points out the diminishing relevance of L1 meta.</p> 
<h3 class="wp-block-heading" id="strong-neglecting-the-community-strong"><strong>Neglecting the Community</strong>: </h3> 
<p>SEI’s ambassador program was a clear indication of their disregard for their community. Initially, rewards were promised starting from the “Officer” role. However, this was later changed to the “Captain” role, which required a month’s worth of content creation for minimal rewards. </p> 
<p>Despite having five primary roles – officer, captain, major, colonel, and admiral, not a single individual was awarded the title of ambassador throughout the year. Moreover, the <strong>project’s tokenomics was only revealed on the listing day</strong>, leaving the community in the dark.</p> 
<h3 class="wp-block-heading" id="strong-inorganic-metrics-and-bot-attacks-strong"><strong>Inorganic Metrics and Bot Attacks</strong>: </h3> 
<p>SEI-related content frequently displayed inorganic metrics, with numerous bot-generated comments. This not only tarnished the reputation of the authors but also raised red flags about the project’s legitimacy. Such metrics <strong>gave the impression of a scam, which, as Leshka.eth highlights, SEI turned out to be.</strong></p> 
<h3 class="wp-block-heading" id="strong-lack-of-uniqueness-strong"><strong>Lack of Uniqueness</strong>: </h3> 
<p>The market is flooded with L1 chains, each claiming to offer something novel. However, most fail to provide any tangible benefits. Leshka.eth raises a pertinent question: Why would anyone opt for SEI when there’s no clear advantage?</p> 
<h3 class="wp-block-heading" id="strong-unfulfilled-promises-strong"><strong>Unfulfilled Promises</strong></h3> 
<p>SEI continually postponed their deadlines. The mainnet, initially scheduled for April, was pushed to May. Following this,<strong> the team went silent,</strong> further eroding trust.</p> 
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<h3 class="wp-block-heading" id="strong-confusion-with-sui-strong"><strong>Confusion with Sui</strong>: </h3> 
<p>Leshka.eth points out an interesting observation. The name SEI sounds remarkably similar to Sui, another project that has been labeled as a rugpull and a clear cash grab for the big players. Initially, there was confusion, with many thinking they were the same project with misspelled names. </p> 
<p>However, the reality wasn’t far off. The current scenario sees investors and the SEI team <strong>offloading their tokens in bulk on Binance.</strong> Such large volumes of token sales raise suspicions, especially considering it’s unlikely that these volumes were farmed on Binance LaunchPool.</p> 
<p>Leshka.eth’s analysis paints a grim picture of SEI, highlighting several red flags that indicated the project’s potential downfall. The #SeiScam trend further corroborates the community’s dissatisfaction with SEI.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/sei-project-fails-to-deliver-leading-crypto-analyst-calls-it-a-total-disappointment-heres-his-outlook/">SEI Project Fails to Deliver: Leading&nbsp;Crypto Analyst Calls it a ‘Total Disappointment’ – Here’s His Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

SEI Project Fails to Deliver: Leading Crypto Analyst Calls it a ‘Total Disappointment’ – Here’s His Outlook

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