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COINOTAG News reported on October 31 that Binance Wallet’s second-phase Prime Sale for Momentum (MMT) closed after an extraordinary oversubscription of 376 times. The offering aimed to raise 1,390.67 BNB, yet demand totaled 523,002.92 BNB, signaling robust investor appetite for the Momentum token and the Prime Sale framework. BNB served as the fundraising currency, underscoring the deal’s alignment with the broader Binance Wallet ecosystem.
Analysts say the outcome underscores credible demand for MMT and the Prime Sale approach, aiding price discovery and investor confidence in future fundraising rounds within the Binance Wallet program. Market observers will await the issuer’s final allocation breakdown and formal disclosures on use of proceeds, which typically accompany such oversubscription events.
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