6th Man Ventures: Purchased $1.5 million worth of META on the open market at an average price of $6.35

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

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