$250M Valued Multipli Sees $MULT Community Sale Oversubscribe by 160%

Multipli, a protocol backed by Pantera Capital and Coinbase Ventures, has successfully completed its $MULT community sale on Sonar. The sale was oversubscribed by more than 1.6x, with approximately $1.65 million in total commitments against a target raise of about $1 million.

The round was conducted at a valuation of $250 million and gave eligible community members the opportunity to participate in the $MULT sale at a discount through Sonar's public token sale infrastructure.

Multipli has continued to scale its protocol footprint, with current total value locked (TVL) of approximately $520 million. This figure adds context to the community sale demand, as Multipli continues to build around real-world asset collateralization.