2026-01-11 15:29:52

Seeing the fundraising data of this project is quite interesting. The oversubscription reached $86 million, with an ICO price of $0.80, but now the trading price has dropped to $0.68, which means it has already broken the issuance price. This kind of price performance from the funding stage to the secondary market indeed reflects a gap in market recognition for the project. Despite the high oversubscription, it couldn't maintain the initial valuation, which might be worth pondering.

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AllInDaddy

· 7h ago

$86 million oversubscribed, but it still broke below the offering price. I've seen this story too many times.

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MEVSupportGroup

· 22h ago

Another story of the myth of oversubscription being shattered, the $86 million hype ultimately couldn't hold up.

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ForkThisDAO

· 01-11 15:58

Over-raising by 86 million and still breaking the issue? This pattern feels a bit familiar... The hype during fundraising was like fireworks, igniting instantly, but once it hits the secondary market, no one is willing to buy.

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ZeroRushCaptain

· 01-11 15:55

86 million oversubscription forcibly caused the price to drop below the listing price. This reverse indicator is really accurate; I have once again successfully predicted the failure.

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failed_dev_successful_ape

· 01-11 15:50

Over-raising by 86 million yet still breaking below the offering price, isn't this a classic case of retail investors being harvested haha

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SybilAttackVictim