Important points
- OpenSea executives denied rumors of a $150 million SEA token sale on Coinbase.
- SEA token will be launched in 2026 with core roles for governance, rewards, and NFT staking.
Adam Hollander, chief marketing officer at OpenSea, denied widespread rumors that the NFT marketplace is planning a $150 million SEA token sale on Coinbase, saying the posts circulating are “fake.”
Speculation arose after a Parody The claim quickly spread to X and Telegram.
OpenSea plans to launch its native SEA token in the first quarter of 2026. According to OpenSea CEO Devin Finzer, half of the total supply of SEA tokens will be allocated to the community, with the majority distributed through initial claims to past users and reward program participants.
SEA tokens will be integrated into the core OpenSea Marketplace experience. OpenSea plans to use 50% of its platform revenue at launch to buy back SEA tokens and create a buyback program to support the value of the tokens.
