Multipli's Community Sale Oversubscribed by Over 1.6 Times

Multipli's community sale for its $MULT token on Sonar by Coinbase was oversubscribed by more than 1.6 times, receiving approximately $1.65 million in total commitments against a target raise of around $1 million.

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

Multipli has also seen its protocol footprint expand, with current total value locked (TVL) reaching approximately $520 million. This growth in TVL adds context to the strong demand for the community sale, as Multipli continues to build around real-world asset collateralization.