6th Man Ventures: has purchased $1.5 million worth of META at an average price of $6.35.

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On October 20, @CompoCapital, the liquidity head of venture capital firm 6th Man Ventures, announced that 6th Man Ventures acquired MetaDAO (META) worth $1.5 million at a price of $6.35. Possibly influenced by this news, META is currently quoted at $8.34, with a 24-hour rise of 32.51%. The announcement stated that MetaDAO's unyielding ICO platform gained significant traction in its early days—attracting over $200 million in funding for its founders while granting rights to liquidity investors, effectively coordinating incentives for both parties—marking an important step in the evolution of on-chain capital formation. Previously, the MetaDAO community proposed “selling up to 2 million META at market price or at a premium.”

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