TownSquare Sonar Public Sale Oversubscribed by 200%, Pre-market Trading Interest Continues to Surge

TechFlow 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.