PANews reported on October 16th that the MetaDAO community, a Solana ecosystem governance project, released a proposal to sell up to 2 million META tokens at market price or a premium. The proposal involves Proph3t, on behalf of MetaDAO, selling up to 2 million newly minted META tokens at market price or a premium. The tokens will be sold within 30 days, with USDC proceeds from the sales deposited into the MetaDAO treasury. Any unsold META will be destroyed. All transactions will be publicly disclosed within 24 hours, including the counterparty, transaction size, and transaction price.
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