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6500x Return on Millions

6500x Return on Millions
Photo by Daniel Olah / Unsplash

Multicoin Capital was one of the biggest winners of the past cycle. Here's how.

The Solana Labs team raised its seed round in May of 2018 and managed to sell 79 million solana tokens for $0.04 per token.

At the top in 2021, each solana token was trading for $260 so that's a 6500x return return on decent size of $3 million. Also Multicoin Capital lead multiple solana rounds and continued investing at $0.20 per token and other solana ecosystem projects.