Widespread NFT market OpenSea is on the heart of a rising hypothesis surrounding a possible token launch.

After years of anticipation, a newly shaped OpenSea Basis and cryptic on-line posts have fueled expectations for a token dubbed $OCEAN.

Rivals like Blur and Magic Eden have already launched tokens, including stress on OpenSea to comply with go well with. While no formal announcement has been made, these hints have stored the NFT group stay speculative.

What have been the rumors all about?

The institution of the OpenSea Basis has change into a focus for hypothesis concerning the $OCEAN token. This put up on X from @waleswoosh revealed that the muse is registered within the Cayman Islands. While the muse’s goal stays undisclosed, comparable entities have been utilized by opponents to handle token launches.

An X account linked to the muse lately posted “ocean enters the chat,” which was acknowledged by OpenSea and its CEO, Devin Finzer. This interplay has been broadly interpreted as a refined nod to an impending token.

Including to the intrigue, OpenSea’s social media engagement has additionally fueled airdrop rumors whereby the platform lately requested its followers, “How long have you been using OpenSea?”—a query many see as associated to measuring person loyalty, a standard metric for airdrop eligibility.

When can we count on extra updates?

In the meantime, crypto lovers are inserting their bets on the probability of a token launch via prediction platform Polymarket the place the chances of an OpenSea token announcement earlier than 2024 rose sharply to just about 60% following the OpenSea Basis’s cryptic put up. A separate market additionally predicts an 82% probability of an airdrop earlier than April 2025.

Nonetheless, merchants stay divided over the token’s long-term success. A Polymarket prediction on whether or not $OCEAN would obtain a $1 billion absolutely diluted valuation one week post-launch presently locations the chances at 56%, reflecting cautious optimism.

While particulars stay scarce, OpenSea’s latest actions counsel {that a} token launch could possibly be on the horizon, leaving merchants and NFT lovers eagerly awaiting additional updates.