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Pipe Network plans to raise funds next year: 3% Token sale of the Solana ecosystem with a valuation of $200-250 million
According to the news, Pipe Network will launch the PIPE token sale at 01:00 (Beijing time) on June 27, 2025, and the sale period will end on July 4. A total of 30 million PIPEs were sold, accounting for 3% of the total supply. Two subscription options are supported. Option 1 is valued at $250 million, 100% unlocked at TGE, and is limited to non-US users. Option 2 is valued at $200 million and will be unlocked one year after TGE, and both U.S. and non-U.S. users can participate. The subscription threshold for a single account is $100, with a maximum of $2.5 million, and USDT/USDC is supported.
The project is built on Solana and focuses on a decentralized content delivery network (CDN), aiming to replace centralized servers with community nodes to enhance global network performance. This round of public sale releases a total of 3% of the Token, with investors including Multicoin Capital and Solana Ventures.