Umbra ICO Keeps Only $3M, Returns Over $150M To Investors In Rare Case

Umbra, a privacy-focused blockchain project on the Solana mainnet, has drawn widespread attention after its initial coin offering (ICO) attracted more than $150 million in investor commitments. In a rare move for the crypto industry, the team decided to keep just $3 million and return the remaining funds to investors.

Umbra Returns Over $150M to Investors

The sale took place on MetaDAO, a decentralized fundraising platform designed to make token launches more transparent and secure. According to data from MetaDAO, Umbra’s ICO has currently gathered approximately $155 million. This figure makes it one of the most oversubscribed crypto raises of 2025.

The massive oversubscription demonstrates a strong show of confidence in both Umbra and MetaDAO’s model. Despite the overwhelming demand, Umbra’s team capped the raise at $3 million at an $8.55 million fully diluted valuation (FDV).

All excess funds will be refunded automatically through MetaDAO’s system, ensuring proportional and fair treatment for all contributors. In an X post, Umbra’s founder, Kru, framed the decision as deliberate discipline rather than scarcity.

“Umbra has never been about chasing valuations or hype; it’s about building something users need with purpose, integrity, and people we trust. This decision wasn’t made out of restraint, but out of reason. Three million gives us everything we need to execute our roadmap, fund audits, and grow the team sustainably. With @MetaDAOProject  funding structure, taking on more capital often makes it harder, not easier to progress,” he stated.

Performance-Based Token Unlocks

Moreover, Umbra set a strict token unlock structure for its team. Team tokens remain locked for 18 months, then unlock in 20% portions only when the project’s FDV doubles from the ICO valuation. This performance-based approach ties rewards directly to measurable growth and real progress. According to Kru, there will be no instant unlocks or shortcuts.

The crypto community praised the decision as rare and disciplined. Analysts describe it as a signal that investors value projects focused on sustainability and product delivery over hype. Additionally, MetaDAO’s “Unruggable ICO” model gained attention for handling such high demand smoothly and transparently.

Powered by Arcium, Umbra aims to create a compliant, user-friendly privacy infrastructure for on-chain transactions. The project seeks to enable individuals and institutions to interact securely without sacrificing transparency or regulatory alignment.

The post Umbra ICO Keeps Only $3M, Returns Over $150M To Investors In Rare Case appeared first on CoinTab News.