OpenSea CMO Denies $150M SEA ICO Rumors as 'Fake'

Published at 2025-11-29 01:15:08

OpenSea CMO Adam Hollander publicly pushed back on circulating reports that the NFT marketplace was preparing a $150 million ICO for a token dubbed SEA. Hollander labeled the story "fake," denying any official token launch by OpenSea and disputing claims that the sale would take place on Coinbase. The claims first appeared last week and quickly spread through crypto channels, prompting the company’s rapid rebuttal.

The denial matters because token-launch rumours can spur speculative trading and confuse market sentiment around platforms and listed assets. With ICOs drawing regulatory attention in recent years, unfounded reports also risk drawing scrutiny or misleading investors. Market participants should look for confirmations on official OpenSea channels and from exchanges like Coinbase before acting on similar claims.

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