OpenSea CMO refutes rumors of a $150 million SEA token sale on Coinbase

OpenSea Chief Marketing Officer Adam Hollander refuted circulating rumors that the NFT marketplace was planning a $150 million SEA token sale on Coinbase, labeling the source post as "fake." The speculation originated from a parody X account suggesting Coinbase had deleted a post teasing the sale. OpenSea plans to launch its native SEA token in the first quarter of 2026. According to CEO Devin Finzer, half of the total supply will be allocated to the community, primarily through initial claims for historical users and rewards participants. The SEA token will be used for governance, rewards, and NFT staking, and OpenSea intends to support its value by using 50% of platform revenue at launch to buy back the tokens.

(Source：Crypto Briefing)