Popular NFT marketplace OpenSea is at the center of growing speculation surrounding a potential token offering.
After years of anticipation, the newly formed OpenSea Foundation and cryptic online posts have fueled expectations for the $OCEAN token.
Competitors such as Blur and Magic Eden have already launched tokens, increasing pressure on OpenSea to follow suit. Although no formal announcement has been made, these hints have kept the NFT community guessing.
Source: OpenSea FoundationWhat’s going on with the rumors?
The establishment of the OpenSea Foundation has become the focus of speculation about the $OCEAN token. This post by @waleswoosh on X revealed that the foundation is registered in the Cayman Islands. While the purpose of the foundation has not been made public, competitors have used similar entities to manage token offerings.
The X account associated with the foundation recently posted “Ocean Enters Chat,” something OpenSea and its CEO Devin Finzer acknowledged. This interaction was widely interpreted as a subtle nod to what was to come.
Even more interestingly, OpenSea’s social media engagement has also fueled airdrop rumors, with the platform recently asking its followers, “How long have you been using OpenSea?” – a question that many believe is related to gauging user loyalty, which It is a common indicator of short-term investment eligibility.
Source: OpenSeaWhen can we expect more updates?
At the same time, cryptocurrency enthusiasts are betting on the possibility of token release through the prediction platform Polymarket. After the OpenSea Foundation issued a cryptic post, the probability of an OpenSea token being released before 2024 has risen sharply to nearly 60%. Another market also predicted an 82% chance of an airdrop before April 2025.
However, traders remain divided on the coin’s long-term success. Polymarket’s forecast for whether $OCEAN will achieve a fully diluted valuation of $1 billion a week after launch currently stands at 56%, reflecting cautious optimism.
While details remain scarce, OpenSea’s recent activity suggests a token launch may be imminent, leaving traders and NFT enthusiasts eagerly awaiting further updates.
