OpenSea Debunks $150 Million SEA Token Sale Rumor on Coinbase
OpenSea Denies Token Sale Rumors
OpenSea has officially refuted recent rumors suggesting a $150 million SEA token sale on Coinbase. The company's Chief Marketing Officer, Adam Hollander, labeled these claims as "fake" and clarified that no such sale is planned.
The speculation began when a parody account on social media platform X falsely claimed that Coinbase had removed a post about the token sale. This misinformation rapidly spread across X and Telegram, leading to widespread confusion.
Key Developments
- OpenSea CMO denies rumors of a $150 million SEA token sale on Coinbase.
- The SEA token is set to launch in 2026, playing significant roles in governance, rewards, and NFT staking.
OpenSea plans to introduce its native SEA token in early 2026. CEO Devin Finzer stated that half of the total SEA token supply will be allocated to the community, primarily through claims by historical users and reward program participants.
The SEA token will become a central feature of the OpenSea marketplace, with 50% of platform revenue at launch used to buy back SEA tokens, aiming to maintain and enhance the token's market value.