The $QUID Public Sale Recap

From announcing the $QUID Public Sale to running it for 72 hours and closing 11.9x oversubscribed, it’s been an exhilarating few weeks here at Squid (and dare we say, for crypto?).

$QUID marks a significant milestone for Squid, and the success of the Public Sale starts our next chapter off with a bang. We want to again thank everyone who has supported Squid on our journey and to all those who participated in the public sale.

The sale exceeded all expectations and has left us truly overwhelmed with gratitude for every single one of you. As stated in our blog introducing $QUID: Whether it’s a crypto app, defi wallet, or even a payments platform for RWAs – Squid will be wherever we can to ensure your experience is seamless.

From one chain to another and across every ecosystem, Squid will be there. Whether it’s swapping, bridging, buying, or selling, each action will be more seamless than the last. From stablecoins to RWAs, wallets to consumer apps, institutional to global liquidity, Squid makes crypto whole. And the places we go aren’t by chance or good luck, but from years of hard work and improving our product each and every day.

Our next milestone is coming soon (and yes, it’s TGE). We’ll be announcing an official TGE date in the coming weeks, so please stay tuned!

And enjoy this recap of the $QUID Public Sale 💜

Key Public Sale Stats

Before we dive in, here’s an overview of key stats from the $QUID Public Sale:

Along with some key stats from the final allocation (on Legion):

72 Hours, 11.9x Oversubscribed

We set a softcap of $1m and a hardcap of $2.25m. The softcap was hit on Day 1. The hardcap was hit on Day 2, doubled during Day 3, and had 11.9x’d by closing time.

Over $20,000,000 was committed in the last 24 hours of the sale, with $10,000,000 committed in the last hour.

Global Participation

Global participation was noteworthy from the start, with 56 countries participating within the first 24 hours and a total of 78 countries participating in the sale on Legion.

Top countries (by # of participants):

Final Allocations

Final allocations were revealed this Wednesday and final amounts can be seen on the sale platform you used (Kraken or Legion). We explained our allocation process and methodology, along with key insights, takeaways, and overall stats in our recent blog here.

Squid Roadmap

The $QUID Public sale is over, but this is only the beginning. We have much to look forward to this 2026, like TGE during Q3 (official date coming soon), and product releases that will include in-app token utility.

Check out our roadmap below for a closer look at where we’ve been and what our plans for 2026 are:

“We're honored that the community trusts us enough to invest in the depths of a crypto winter. Crypto is at an inflection point with RWAs and stablecoins coming online properly, and we couldn’t be more excited to build a globally accessible future together.” – Fig, Squid Co-Founder (@ecdsafu)

Stay Tuned

Stay tuned for official updates on Squid verified channels. We’ll be sharing more about $QUID and TGE soon, along with some exciting launches on the product-side.

Thank you for supporting Squid and for playing such a prominent role in our journey. Happy swapping and please keep spreading the good vibes.

This blog is provided for educational and informational purposes only. This is not investment advice or a recommendation or solicitation for on-chain participation in any mentioned chains, tokens, or assets. Please do your own research before swapping any on-chain assets.