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Crypto KOL: Celestia's $100 Million Funding Was an OTC Deal Valued at $3.5 Billion, Tokens May Unlock in October

Crypto KOL: Celestia's $100 Million Funding Was an OTC Deal Valued at $3.5 Billion, Tokens May Unlock in October

Bitget2024/09/26 08:39
TIA+0.54%

On September 26, crypto KOL Sisyphus said on the X platform that Celestia's recently closed $100 million funding round was an over-the-counter deal that the foundation struck directly with a number of institutions a few months ago, valuing the funding at $3.5 billion, and that shares of those tokens will likely be unlocked in October as well. Sisyphus also said that if the investing institutions were able to sell all of the unlocked assets at $7.50, they would break even.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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