From $257M Fundraising to This—What Went Wrong? A case study that's getting harder to ignore in the crypto space. When a project secures a quarter-billion dollar funding round, expectations run sky-high on every exchange. Investors, traders, and the broader community watch closely. Yet somewhere between the press releases and mainnet launch, things derailed spectacularly. The gap between fundraising valuation and current market performance tells a story that resonates across the industry. Whether it's execution challenges, market headwinds, or misaligned tokenomics, these funding-to-floor collapses are becoming textbook examples of why due diligence matters. It's a sobering reminder that even substantial capital doesn't guarantee success in the Web3 ecosystem.