OpenSea Denies $150 Million SEA Token Sale Rumors
- OpenSea’s Chief Marketing Officer, Adam Hollander, refuted claims of a $150 million SEA token sale on Coinbase, labeling the rumors as “fake.”
- The speculation originated from a parody X account suggesting Coinbase had deleted a post about the sale.
- OpenSea plans to launch its native SEA token in Q1 2026, focusing on governance, rewards, and NFT staking.
- Half of the SEA token supply will be allocated to the community, with initial claims for historical users and rewards participants.
- OpenSea intends to use 50% of platform revenue at launch for a buyback program to support the SEA token’s value.
OpenSea has dismissed rumors regarding a $150 million SEA token sale on Coinbase. The official launch is set for early 2026, with significant community involvement planned through governance and reward mechanisms.
Source (3.2)https://cryptobriefing.com/opensea-sea-token-rumors-coinbase/?rand=59535
