Token sales rebounded from August’s sharp low of $8.4 million, with the first week of October posting the highest weekly total since February. Jumper’s sale on Legion, which ended October 2, accounted for around 96% of October’s rebound so far.
Why it matters
The return of higher weekly totals signals a recovery in token-sale activity, but the concentration in a single offering makes the rebound narrower than the headline suggests.
Market impact
Jumper’s completed sale is the main driver behind October’s early total. Whether the broader market can sustain the rebound will depend on activity beyond that offering.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJV6WrPg5PZLzakck--FvziC5Zh1-ILAALFJWsbKPB4Smokdb6u5_XuAQADAgADeQADPQQ?sig=xLIHoZM23n6K2Vqp43kfQepBJmkLNBICaynrlGvjPNU)
Frequently asked questions
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How did token sales perform in October’s first week?
The first week of October recorded the highest weekly token-sale total since February.
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What was the August low for token sales?
Token sales fell to a sharp low of $8.4 million in August.
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What drove most of October’s token-sale rebound?
Jumper’s sale on Legion accounted for around 96% of October’s rebound so far.
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When did Jumper’s sale on Legion end?
Jumper’s sale on Legion ended on October 2.
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What does the concentration in Jumper’s sale indicate?
The rebound is heavily concentrated in one offering. Sustaining the recovery would require activity beyond Jumper’s sale.
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