SecondLane OTC - Announcements – Telegram
SecondLane OTC - Announcements
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Announcements for OTC transactions
Admin: @OTCnick
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Buying:

Asset: Weka
Tranche: $5m+
Pricing: Discount to previous round

Any questions: @otcnick
Selling:

Asset: Scroll
Tranche: $500k
Pricing: $2.2b

Any questions: DM @otcnick
Selling:

Asset: Phantom Wallet
Tranche size: $1m+
Pricing: Discount to previous round

Any questions: DM @otcnick
Buying:

Asset: SpaceX
Tranche: $10m
Pricing: Negotiable

Any questions: DM @otcnick
Selling:

Asset: OpenAI
Tranche: $20m+
Pricing $100b

Any questions: DM @otcnick
Selling:

Asset: DYDX (Locked tokens)
Tranche: $1m+
Pricing: Discount to spot

Any questions: DM @otcnick
Selling:

Asset: Kraken
Tranche: $4m+
Pricing: $15 PPS

Any questions: DM @otcnick
Selling:

Asset: Memeland (MEME)
Tranche size: $4m
Pricing: Discount to post

Questions DM: @otcnick
Key takeaways on Web3 secondary market in October by SecondLane

- Record amount of offers of over $0.5 bln USD, mostly due to the FTX claims on the market
- $516M in Asks and Bids
- 1.6x growth in amount of offers since September
- $1.9M median Buy Ask vs $1.0M median Sell Offer
- 19% median spread on FDV of Buy/Sell IOIs of the same projects
- 2x median spread on minimum amount of Buy/Sell IOIs of the same projects
- top projects: FTX claims, Starkware, EigenLayer, RiscZero, Arbitrum, Optimism, Aleo, Circle, Sei, Nansen
- 55% SAFT and 45% equity deals
- 81% (Pre-)Seed, 19% Rounds A-D - shift from later to earlier stages almost tripled
- 53% of offers on L1, L2, DeFi, blockchain services and infrastructure

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DM for any questions @otcnick
Selling:

Asset: FlamingoDAO
Tranche size: 125,000 units
Pricing: 1x NAV
Notes: DAO membership is limited.

Any questions: DM @otcnick
Selling:

Asset: Shade Protocol (SHD)
Tranche size: $125,000
Pricing: 60% discount from spot
Note: Locked tokens

Any questions: DM @otcnick
Selling:

Asset: PYTH
Tranche: $5m +
Pricing: Discount to spot
Note: Locked tokens

Any questions: DM @otcnick
Buying:

Asset: Twitter (X)
Tranche: $10m+
Pricing: Open to negotiation

Any questions: DM @otcnick
Selling:

Asset: WAX
Tranche: 4m tokens (liquid)
Pricing: Discount to spot

Any questions: DM @otcnick
Buying:

Asset: FTX Claims
Tranche: Unlimited
Pricing: Case by case basis, based on volume

Any questions: DM @otcnick
Selling:

Asset: X (Formally Twitter)
Tranche: $30m+
Pricing: Less than Elon paid

Any questions: DM @otcnick
Selling:

Asset: Celestia (Locked TIA tokens)
Total size: 350,000 tokens
Pricing: $5 per token

Any questions: DM @otcnick
Selling:

Asset: Stability AI
Total size: $6m
Valuation: $3B

Any questions: DM @otcnick
Buying:

Asset: Alchemy
Total size: $7m +
Valuation: Negotiable

Any questions: DM @otcnick
Buying:

Asset: TRM Labs
Total size: $10m+
Valuation: Negotiable

Any questions: DM @otcnick
Buying:

Asset: Lightspark
Total size: $8m+
Valuation: Negotiable

Any questions: DM @otcnick