South Korean gaming giant NCSoft's investment in SUI tokens in the first half of the year has yielded over 250 times return

2024-08-16 17:17:00
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ChainCatcher news, South Korean gaming giant NCSoft achieved over 250 times return on its investment in SUI tokens in the first half of this year. In the first half of this year, NCSoft sold 16,908,112 SUI tokens at a price of 1,490 KRW (approximately 1.10 USD) each, generating a total revenue of 25.2 billion KRW (approximately 18.6 million USD). The initial investment was only 100 million KRW. Last year, NCSoft invested about 300 million KRW at a price of 6 KRW per token, purchasing 49,920,806 SUI tokens, most of which were locked. The remaining 32,921,536 tokens will be unlocked in May next year and May 2026.

It is worth noting that in November 2022, NCSoft's U.S. subsidiary NC West invested 15 million USD in Sui's developer Mysten Labs.

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