Acurast raises $5.4 million in oversubscribed CoinList token sale

Acurast’s CoinList token sale closed on May 22 2025, pulling in $5.4 million for 6 % of the ACU token supply at $0.09 per token and setting a fully‑diluted valuation of $90 million [1].

Sale details and immediate impact

The one‑week sale attracted thousands of participants worldwide and was described as oversubscribed, indicating strong community appetite for decentralized compute infrastructure [1]. The capital will be used to enhance Acurast’s protocol, which relies on Trusted Execution Environments (TEEs) and Hardware Security Modules (HSMs) built into smartphones to deliver verifiable, confidential, and energy‑efficient compute [1][2]. The network already processes more than 258 million transactions on its incentivized testnet and has onboarded over 73 000 devices across 130 + countries [1].

Tokenomics and upcoming events

The ACU token sale allocated 6 % of the total supply, pricing each token at nine cents and implying a $90 million fully diluted market cap [1]. The Token Generation Event (TGE) is slated for Q3 2025, after which the token will become tradable and can be used to reward contributors who run compute workloads on their phones [1]. Acurast also announced several product milestones during the sale week, including the launch of Vibe Code & Deploy, Solana Mobile integration, and the Staked Compute mechanism that blends proof‑of‑stake with quality‑of‑service for compute tasks [1].

Market context

While the broader crypto market has seen mixed price action in May 2025, Acurast’s token sale price of $0.09 represents a modest entry point compared with other DePIN projects that have priced tokens above $0.20 in recent months [2]. The oversubscription suggests that investors view Acurast’s smartphone‑based compute model as a differentiated play within the decentralized infrastructure space, especially as traditional data‑center costs rise and demand for confidential AI workloads grows [1].

What to watch

• Token Generation Event (TGE) in Q3 2025 – the first on‑chain release of ACU will set market liquidity and price discovery.
• Phone onboarding milestones – each addition of 10 k+ devices could signal network scaling and affect token demand.
• Staked Compute rollout – adoption of the new staking mechanism may drive token utility and holder incentives.

The $5.4 million raise underscores growing confidence in using everyday smartphones as a global compute layer, but the network’s ability to translate that hardware base into sustained token demand remains to be proven as the TGE approaches.