TownSquare Sonar Public Sale Oversubscribed by 200%, Pre-market Trading Interest Continues to Surge
7x24h News
TownSquare Sonar Public Sale Oversubscribed by 200%, Pre-market Trading Interest Continues to Surge
According to official sources, TownSquare's Sonar public sale with a $200 million valuation was completed at 9 PM Singapore time on Sunday night, ending with a 200% oversubscription. This marks the highest oversubscription performance for a Sonar public sale excluding MegaETH this year. Due to oversubscription, settlement will be conducted based on the order from small to large amounts and pro-rata rules.
Navigating Web3 tides with focused insightsTechFlow reports, on July 27, according to official announcements, TownSquare's Sonar public sale valued at $200 million was completed at 9 PM Singapore time on Sunday. This public sale ended with 200% oversubscription, marking the highest oversubscription performance for a Sonar public sale excluding MegaETH this year. Due to oversubscription, the public sale will be settled based on a small-to-large order and pro-rata rules.
Meanwhile, trading activity for the $TOWN token on the Aspecta pre-TGE pre-market continues to surge. After the wave of hedging by public sale users ended, it began to rise again. Currently, the market cap is approximately $230 million, with total trading activity ranking second in the market.
