Umia token trades near $40M valuation after auction backed by Galaxy, DCG, and Draper Associates
Crypto Briefing
The onchain launch platform sold its UMIA token at an $18 million valuation, and the market quickly priced it higher Umia wants to be the place where crypto founders raise money, launch tokens, and let holders help steer the ship. Its first test case was itself. The onchain platform said on October 5, 2026 that it raised approximately $6.11 million through a public auction of its native UMIA token. Buyers included Galaxy Ventures, DCG, and Draper Associates. Once trading opened, the market valued the project at roughly double what the auction did. The sale ran for seven days, from August 26 to September 2, 2026. Umia sold 17.3 million tokens, which the project describes as 34.6% of its 40 million launch supply.
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