CAP token auction concludes: FDV reaches $106 million with 5.5x oversubscription
Foresight News reports that the stablecoin protocol Cap Labs has tweeted that the CAP token auction has concluded. A total of 1,002 unique bids were received in this auction, with total commitments reaching 16.4 million US dollars. The final clearing price was 0.011 US dollars, representing an oversubscription multiple of 5.5 times. Based on the final clearing price, CAP's fully diluted valuation (FDV) is approximately 106 million US dollars.
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