Cross-chain infrastructure project Squid has completed its public token sale, drawing more than $26.6 million in total commitments from over 3,500 participants across Legion and Kraken. According to the project, the sale was oversubscribed by approximately 26.66x, indicating strong demand during the offering. Squid said allocation results for the public sale will be announced on July 8, while the token itself is scheduled to officially launch in the third quarter of 2026. The update provides a concise but important snapshot of investor participation, platform distribution, and the project’s near-term issuance timeline.
Squid discloses public sale outcome
Cross-chain infrastructure project Squid has announced the completion of its public token sale. According to the project’s disclosure, the offering was conducted across Legion and Kraken, with participants committing more than $26.6 million in total.
The sale drew participation from more than 3,500 users across the two platforms. Based on the figures shared by the team, the public offering was oversubscribed by approximately 26.66x, pointing to strong demand during the subscription period.
Squid also stated that allocation results for the public sale will be released on July 8. The project added that its token is expected to officially launch in Q3 2026. At this stage, the announcement focuses on fundraising scale, participation, and the immediate post-sale timeline.
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