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Emerging project raised $500 million in 12 minutes, with USDC accounting for 97% of the share.
According to the latest on-chain data analysis, a certain emerging project's public sale reached its fundraising cap of 500 million USD in just 12 minutes. This fundraising event attracted a large number of investors, with 185 addresses contributing the maximum limit of 1 million USD. In addition, there were 121 addresses with investments exceeding 50,000 USD.
It is worth noting that the composition of stablecoins used in this fundraising is quite special. USDC has become the absolute main force, accounting for 97% of the total fundraising amount, while USDT only accounts for about 3%. This significant difference in the usage ratio of stablecoins may reflect investors' preferences or trust levels in different stablecoins.
The rapid achievement of this large-scale public sale not only demonstrates the appeal of the project but also reflects the enthusiasm of investors in the current cryptocurrency market. Raising such a large amount of funds in such a short time is undoubtedly a remarkable phenomenon that deserves attention and analysis from industry insiders.