6th Man Ventures: Has purchased $1.5 million worth of META in the open market at an average price of $6.35

ChainCatcher news, the liquidity head of the venture capital firm 6th Man Ventures @CompoCapital announced that 6th Man Ventures has acquired MetaDAO (META) worth $1.5 million at a price of $6.35. Possibly influenced by this news, META is currently priced at $8.34, with a 24-hour increase of 32.51%.

The announcement stated that MetaDAO's robust ICO platform gained significant traction early on—attracting over $200 million in funding for founders while granting rights to liquidity investors and essentially coordinating the incentives of both parties—representing an important step in the evolution of on-chain capital formation. Previously, the MetaDAO community proposed to "sell up to 2 million META at market price or at a premium."