TechFlow news — Wormhole plans to sell 750 million HOLE tokens (7.5% of total supply) to institutional investors at $0.25 per token. The tokens will be locked for one year and then linearly released over three years. This token sale is expected to generate $187.5 million in revenue, valuing the project at $2.5 billion. Sources confirm that Wormhole is attempting to conduct the token sale at this valuation; Wormhole declined to comment.
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