OpenSea Chief Marketing Officer Adam Hollander has rejected claims that the marketplace is planning a $150 million ICO for a token called SEA, calling the story 'fake.' The rumor, which said the token would be sold publicly on Coinbase, began circulating last week.

Coinbase appears to be reigniting token launches, with Monad (MON) emerging as the first high-profile offering and drawing notable market attention. Traders and projects will watch this move for signals about broader ICO appetite and institutional participation in the crypto market.

Coinbase has signaled a renewed embrace of ICOs, leading the season with one of 2025’s largest token launches as Monad (MON) goes live. Traders and projects will watch how exchange-led launches reshape fundraising and secondary market dynamics.