$MULT Community Sale on Sonar Oversubscribed by 160% in Record-Breaking Fundraise
Multipli's community sale on Sonar by Coinbase was oversubscribed by more than 1.6x, raising approximately $1.65 million in total commitments against a target of about $1 million.
The round was conducted at a valuation of $250 million and offered eligible community members the opportunity to participate at a discount through Sonar, Echo's public token sale infrastructure recently acquired by Coinbase.
Multipli has scaled its protocol footprint significantly, with a current total value locked of around $520 million. This growth adds context to the community sale demand, as Multipli continues to build around one of crypto's fastest-growing categories: real-world asset collateralization.
'We are humbled by the response to the $MULT community sale,' said Nakul Gupta, Head of Business of Multipli. 'The signal is clear: the next phase of crypto will be built around real use cases, transparent infrastructure and assets that can stand up to scrutiny.'