OpenSea Valuation Plunges by 90%, Says VC Coatue: Report
Coatue Management has marked down its stake in OpenSea by nearly 90%, reducing its previously valued $120 million stake to $13 million in the second quarter of 2023. This suggests that OpenSea is now valued at $1.4 billion or less. Coatue also marked down its stake in MoonPay by 90%
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OpenSea Valuation Plunges by 90%, Says VC Coatue: Report
Coatue Management has marked down its stake in OpenSea by nearly 90%, reducing its previously valued $120 million stake to $13 million in the second quarter of 2023. This suggests that OpenSea is now valued at $1.4 billion or less. Coatue also marked down its stake in MoonPay by 90%