Umia raised approximately $6.11 million through a UMIA token auction that closed September 2, 2026, pricing the token at a reported $18 million fully diluted valuation, as the Base-native pro
Umia raised approximately $6.11 million through a UMIA token auction that closed September 2, 2026, pricing the token at a reported $18 million fully diluted valuation, as the Base-native protocol deployed Uniswap's Continuous Clearing Auction mechanism to execute on-chain price discovery while capping individual public-round participation at 5,000 USDC per wallet.
According to Umia's September 10, 2026 launch recap, the sale ran in two sequential windows: an early-access phase for verified participants opened August 26, followed by an open public round on August 29. The auction closed September 2 with liquidity migrating directly into a fresh Uniswap pool, and UMIA trading commenced at $0.36 per token, the auction's clearing price.
AUCTION OPENING PRICE $0.36 UMIA trading began at the auction price reported in Umia's launch recapThe 5,000 USDC per-wallet cap on the public round was a deliberate anti-concentration measure, limiting any single address's ability to dominate the sale. The verified early-access window served a similar function, restricting initial bidding to screened participants before the public phase opened. For related coverage, see CFTC Chair: Crypto Rules Will Boost Innovation, Protect Investors.
The Uniswap Continuous Clearing Auction, whose design is documented in Uniswap's protocol repository, operates as a continuous-time generalization of a uniform-price auction, intended to enable fair initial-liquidity price discovery while reducing timing games that typically favor automated bots over retail participants. For related coverage, see Casino Groups Analysis: The Gambling Companies Dominating the Market.
A fully diluted valuation reflects the implied market capitalization if every token in the total supply were circulating at the current price. The reported $18 million FDV at launch, sourced from the headline figure, represents the implied value of the entire UMIA supply at the $0.36 auction clearing price. BaseScan records a 50,000,000 maximum supply for the ERC-20 deployed on Base at contract 0x56ab53b77f07da3af732150e8aec4783eb5bba7d, consistent with a 50 million total supply implying roughly $0.36 per token at the $18 million FDV. For related coverage, see Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion.
Since auction close, the token has moved substantially above its launch price. As of October 5, 2026, UMIA trades at $0.808703, up more than 21% in the prior 24 hours, with a market cap of approximately $19.7 million. The current FDV at spot price is materially higher than the $18 million launch figure, reflecting post-auction demand in the Uniswap pool.
GeckoTerminal's snapshot of the UMIA/USDC Uniswap v4 pool on Base shows approximately $3.44 million in pool liquidity and an FDV of roughly $40.65 million at the time of that data fetch, indicating the post-launch price appreciation has more than doubled the launch-day valuation implied by the auction.
Umia's official homepage displays approximately $6.1 million in auction proceeds. The precise $6.11 million figure cited in the headline originates from a single Chinese-language report and has not been independently confirmed by the primary English-language documentation reviewed for this article; readers should treat $6.11 million as a reported figure pending official confirmation of the exact amount.
UMIA AUCTION PROCEEDS $6.1M Officially displayed proceeds from the UMIA token auctionSimilarly, the $18 million FDV is consistent with a 50 million token supply at the $0.36 clearing price but was not stated explicitly on the official recap page fetched for this article. The $18 million figure should be read as the implied launch FDV derived from the auction clearing price, not a number Umia published independently.
Umia deployed on Base, Coinbase's Ethereum Layer 2, and routed post-auction liquidity into a Uniswap v4 pool, making it one of the early consumer-facing projects to use the Uniswap CCA mechanism at launch scale. The choice of a permissionless on-chain auction over a private presale or centralized launchpad reflects a broader trend among DeFi-native teams toward transparent, bot-resistant distribution, a structural shift that regulators and institutional allocators have increasingly flagged as a governance-quality signal. The Fear & Greed Index currently reads 70 (Greed), a macro backdrop that historically accelerates retail participation in new token launches.
The Uniswap CCA's design goal of reducing timing games is particularly relevant amid the proliferation of maximal-extractable-value bots on EVM chains; by settling all bids at a single clearing price rather than a first-come-first-served queue, the mechanism transfers less value to sophisticated front-runners and more to ordinary bidders, a consideration that also influenced similar token distribution designs seen in recent DeFi fundraises. For context on how concentrated capital deployment in on-chain protocols can create structural risks, Bitget's $15 billion structural hole illustrates what happens when protocol-level liquidity controls fail.
The most important post-auction data points are vesting and unlock schedules for non-public allocations, which were not disclosed in the official recap reviewed here. Token distribution to team, investors, and ecosystem reserves, alongside any cliff or linear vesting terms, will determine whether the current spot price reflects genuine secondary market demand or is partially supported by a limited circulating supply. The 50 million maximum supply confirmed on BaseScan sets the ceiling, but circulating supply at any given date depends on those undisclosed schedules.
Traders and token holders should also watch pool liquidity depth on the Uniswap v4/Base pair, given that $3.44 million in liquidity against a ~$40 million FDV implies relatively thin support for large orders. Any significant unlock event or protocol-level liquidity withdrawal could produce outsized price impact. Monitoring the broader market's unrealized gain environment matters here, as sustained risk-on conditions have historically extended post-launch momentum windows for small-cap DeFi tokens before profit-taking accelerates.
What is the UMIA token auction? Umia used Uniswap's Continuous Clearing Auction, a uniform-price on-chain mechanism, to distribute UMIA tokens with a verified early-access phase (opened August 26) and a public round (opened August 29, closed September 2), both on the Base network.
How much did Umia raise? Umia's official site displays approximately $6.1 million in auction proceeds; a single unconfirmed report cited $6.11 million as the exact figure. The official recap does not specify the exact dollar total independently.
What is UMIA's reported FDV at launch? The implied fully diluted valuation at the $0.36 auction clearing price and a 50 million maximum supply is approximately $18 million. As of October 5, 2026, the spot price of $0.808703 implies a substantially higher current FDV.
What tokenomics details remain unclear? Team and investor allocation sizes, vesting cliff and duration, and the precise circulating supply at auction close were not disclosed in the official documentation reviewed for this article and represent the key unknowns for assessing UMIA's post-launch supply dynamics.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
The post Umia Raises $6.11M in UMIA Token Auction at $18M FDV was initially published on Coincu.
