【Coin Circle】There’s new activity on Solana. A DEX aggregator project performed exceptionally well in a token sale at a major community, ultimately raising $86.39 million with an oversubscription ratio of 1440%. The hype is evident.
The token has officially launched with an initial price of $0.8. However, the price action post-launch has been somewhat disappointing — the trading price has slid to $0.7, a significant decline. The current market cap is approximately $17.83 million. Users who participated in the sale can now claim their tokens or request refunds through official channels.
This fundraising scale is indeed rare in the Solana ecosystem. However, the first-day price drop to below the IPO price somewhat reflects the market’s true attitude toward the project. Whether it can stabilize going forward will depend on actual product performance and operational execution.
SolanaエコシステムDEXアグリゲーターの資金調達が記録を破り、トークンの上場初日に急落
【Coin Circle】There’s new activity on Solana. A DEX aggregator project performed exceptionally well in a token sale at a major community, ultimately raising $86.39 million with an oversubscription ratio of 1440%. The hype is evident.
The token has officially launched with an initial price of $0.8. However, the price action post-launch has been somewhat disappointing — the trading price has slid to $0.7, a significant decline. The current market cap is approximately $17.83 million. Users who participated in the sale can now claim their tokens or request refunds through official channels.
This fundraising scale is indeed rare in the Solana ecosystem. However, the first-day price drop to below the IPO price somewhat reflects the market’s true attitude toward the project. Whether it can stabilize going forward will depend on actual product performance and operational execution.