2026-01-04 13:02:19

DeFi platform Infinex's token sale on Sonar is a bit awkward. Over a 30-hour sales period, only $491,000 was raised, which is less than 10% of the $5 million target.

There's an interesting detail behind this number — founder Kain Warwick has actually lowered expectations. The original goal was to raise $15 million, but it was later changed to $5 million. This adjustment is quite significant.

It's worth noting that Infinex raised $67.7 million last year through Patron NFT funding, when the fundraising enthusiasm was obviously different. The current tepid performance of the token sale somewhat reflects the changing market pace. Whether it's because the project itself isn't that attractive or the overall fundraising environment has indeed become tighter, it's worth observing.

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ThatsNotARugPull

· 01-07 09:16

Haha, this is the story of going from over 67 million to 490,000... The market is really this ruthless. Dropping from 15 million to 5 million is still a flop; it just shows that everyone is now more savvy. What about last year's hype? The speed is indeed painfully awkward. Even the project team has to lower expectations, which shows how cold the financing environment is. Infinex is still that Infinex, but the wallet is different now.

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SchrödingersNode

· 01-07 09:02

Wow, dropping from over 67 million to 490,000, the gap is really huge. The shrinkage is so severe; rather than saying the project is not good, it's more like this bear market has already frozen people's hearts. Cut from 15 million to 5 million but still couldn't raise funds; Kain's adjustment was way off, probably causing their morale to collapse. The question is, can the era of naive investors with lots of money from last year really not come back? This round of financing environment is indeed too cold; even well-known names like Infinex have taken a hit.

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MEVvictim

· 01-07 05:15

Haha, Infinex's fundraising situation... from 15 million directly cut down to 5 million, and now it hasn't even reached 500,000. That must be pretty embarrassing. When it was over 67 million last year, it was so exciting. Now with this cold response, you can really see the market turning. The market is cooling down, and project teams also have to admit defeat.

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PanicSeller

· 01-06 01:17

From 67.7 million to 490,000, what a gap... hilarious, Kain probably can't believe it either. Infinex's recent move is a bit awkward; the funding environment has indeed changed. Lowering the target by three times still no one is willing to buy? What does that indicate... Last year's hype really won't come back; raising funds is too difficult now.

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AlwaysMissingTops

· 01-04 13:29

Falling directly from over 67 million to 490,000, this gap is a bit outrageous... The market has really changed.

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RuntimeError

· 01-04 13:22

Cut from 15 million to 5 million, still no funding raised. The market has indeed changed.

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BottomMisser

· 01-04 13:21

Haha, dropping from over 67 million directly to 500,000 is quite a gap. The fundraising environment is really cold, and project teams are starting to do self-reflection. The enthusiasm from last year really can't be brought back.

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AirdropHunter007

· 01-04 13:20

Huh, dropping from over 67 million directly to 500,000, this gap is really heartbreaking.

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MissingSats

· 01-04 13:19

Wow, dropping from 67.7 million to 490,000 is such a huge contrast. --- The fundraising goal was cut from 15 million to 5 million and now to this, which is really a bit shaky. --- Bear markets are like this. Last year, anyone could raise money; now, you have to bow your head and beg. --- Infinex still has some potential, but in this market environment, it’s really a waste no matter who comes in. --- It’s not so much that the project is bad, but that everyone is just watching now, waiting for the next wave. --- The target has been adjusted three times, it seems Kain himself is losing confidence. --- Last year, everyone was crazy during the fundraising boom; now it’s time to wake up. --- But on the other hand, not being able to raise funds really shows who has a genuine fan base. --- In a cold war market, fundraising difficulty skyrockets, which is not surprising. --- From 67.7 million to 490,000, this is the power of cycles.

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