Stablecoin Blockchain Plasma Fills $500 Million ICO Instantly

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The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased.

The sale attracted significant whale activity, with just over 1,110 wallets filling the vault for a median deposit of $35,000.

The largest contributor to the presale sent the maximum allocation of $50 million, taking up 10% of the total presale. 38% of the raise is held by the top 10 depositors, and 50% belongs to the top 17.