Key Takeaways
- OpenSea’s govt has denied rumors of a $150 million SEA token sale on Coinbase.
- The SEA token will launch in 2026 with core roles in governance, rewards, and NFT staking.
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OpenSea Chief Advertising Officer Adam Hollander has denied a widespread rumor that the NFT market was planning a $150 million SEA token sale on Coinbase, describing the circulating submit as “pretend.”
Hypothesis arose after a parody X account acknowledged that Coinbase had deleted a social submit teasing a $150 million SEA token sale, resulting in assumptions that OpenSea would launch a token providing on the alternate subsequent week. The claims rapidly circulated throughout X and Telegram.
OpenSea plans to launch its native SEA token within the first quarter of 2026. In response to OpenSea CEO Devin Finzer, half of the entire SEA token provide shall be allotted to the neighborhood, with a significant portion distributed via preliminary claims to historic customers and individuals in rewards applications.
The SEA token shall be built-in into the core OpenSea market expertise. OpenSea intends to make use of 50% of the platform income at launch to purchase again SEA tokens, making a buyback program to help the token’s worth.
