On Thursday, Walrus Foundation, one of the core entities behind the protocol, announced that it had raised $140 million in a sale of the blockchain’s cryptocurrency, whose ticker is $WAL. The largest investor was Standard Crypto. Other top investors who bought allocations of the yet-to-be-launched cryptocurrency include Andreessen Horowitz’s crypto arm, Electric Capital, and Franklin Templeton Digital Assets. The sale valued the total supply of the Walrus protocol’s cryptocurrency at $2 billion.
