Crypto Bridge Wormhole Seeks $2.5 Billion Price Tag in Private Token Sale

Cross-chain bridge Wormhole plans to sale 750 million $HOLE tokens (7.5% of total supply) to institutional investors at a price of $0.25 per token, which will be locked in for one year and released linearly over three years. The token sale will generate proceeds of $187.5 million, valuing the project at $2.5 billion.