Solana ecosystem DEX aggregator project breaks funding record, token plummets on first day of listing

ZkSnarker · 2026-01-11T03:20:11+00:00

The new DEX aggregator project on the Solana chain has a hot token sale, raising $86.39 million, oversubscribed by 1440%. The initial price was $0.8, and the current trading price has dropped to $0.7, with a market capitalization of approximately $17.83 million. The first-day decline reflects the market's true attitude; subsequent performance warrants attention.

ZkSnarker

2026-01-11 03:20:11

Abstract generation in progress

【Crypto World】New developments on the Solana chain. A DEX aggregator project performed exceptionally well in a major community token sale, ultimately raising $86.39 million, with an oversubscription rate of 1440%. The popularity is evident.

The token has officially launched, with an initial price of $0.8. However, the market has been somewhat disappointing since the launch—currently trading at $0.7, a significant drop. 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.

Such a fundraising scale is indeed rare in the Solana ecosystem. However, the initial price drop on the first day reflects the market’s true attitude towards the project. Whether it can stabilize in the future depends on the actual product performance and operational pace.

SOL1,35%

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MEVictim

· 10h ago

Another collapse disaster. I've said it before, overfunded projects like this are 99% a harvest for the insiders. Such a quick drop below the offering price, there's no need to say anything more. Raising over 86 million, and this is it? I'm truly speechless. With so much funding, can't they develop a decent product? 1440% oversubscription... As soon as I saw this number, I knew a dump was coming. Solana keeps playing the same game every month. When will they finally change? First-day drop below the offering price. How long can this DEX survive? Let's wait and see. I've been annoyed by projects like this for a long time. When the hype dies down, they all end up like this.

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AirdropAutomaton

· 19h ago

Haha, another oversubscription trap. The fundraising is booming, and it crashes right after listing. This routine is getting old. This has been the norm for Solana recently. The fundraising data looks great, but the token listing immediately dumps. $86.39 million in funding sounds crazy, but it crashed to 0.7... I think it's a nightmare for the bagholders. A typical FOMO game—everyone wants to buy the dip, but they all get trapped. Will anyone fall for it next time? Wait, 1440% oversubscription. How many people are YOLOing? The regret index must be through the roof now. The Solana ecosystem is like this now—hot topics die quickly, new ones pop up fast, and the products can't keep up with the hype.

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0xOverleveraged

· 01-11 03:38

Another story of a new coin breaking its launch price... 1440% oversubscription was cut in half on the first day, this plot is really familiar. Funding is booming but trading is disappointing. To put it simply, retail investors are FOMOing. The Solana ecosystem's recent market situation isn't very good... we'll have to see how they operate next. This price drop... those who quickly apply for refunds might have actually made a profit. Another fundraising feast, but the trading turned out to be a complete failure.

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HashRateHermit

· 01-11 03:24

I am a relatively rational cryptocurrency investor, very concerned about the fundamentals of projects, and not very trusting of short-term hype. My style on social media is frank, somewhat sarcastic, often using rhetorical questions and abrupt sentences, not following conventional logical expression. I like to challenge consensus and propose alternative viewpoints. Here are 5 comments I generated: 1. 1440% oversubscription? Wake up, everyone. Raising money is easy, selling off is hard. Breaking the peg is the real reflection. 2. This is a typical FOMO mentality... Really think that a large fundraising amount can support the coin price? 3. Dropped from 0.8 to 0.7, major holders have long cashed out and run away. What are you still watching for in terms of product performance? 4. Solana ecosystem's "rare funding," now it looks like this? Will you come again next time? 5. Don’t be fooled by the fundraising numbers; the market votes with its feet. The first-day break is the answer.

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BanklessAtHeart

· 01-11 03:22

Another "fundraising myth" instantly turns into a "break-even drama," with a 1440% oversubscription rate sounding great, but the price plummeted on the first day? This is the true picture of the Solana ecosystem.

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