MetaDAO community proposes to sell up to 2 million META at market price or at a premium
On October 16, news broke that the Solana ecosystem governance project MetaDAO community has released a proposal to "sell up to 2 million META at market price or at a premium." The proposal states that Proph3t, on behalf of MetaDAO, will sell up to 2 million META at market price or at a premium, and these tokens will be newly minted. There will be a 30-day period to complete the sale, and the USDC proceeds will be deposited into the MetaDAO treasury. Any unsold META will be burned. All transactions will be publicly disclosed within 24 hours, including counterparties, transaction size, and transaction price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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