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Boop.Fun leading the way with a new launchpad on Solana.
On Aug 6, Heaven Dex ran a genesis ICO for heavendex $LIGHT, closing early after ~11 hours with ~$27M raised from ~9k wallets.
$4.8M was refunded to wallets over $77.7K to “improve distribution,” messaging an opening MC of ~$22.5M.
Only 50% of the supply was sold, meaning the real day-one FDV was closer to ~$45M, not $22.5M.
The TGE, scheduled for Aug 11, was delayed multiple times on launch day, they even tweeted “7 delays” themselves.
Comms consistently framed the project as $22.5M MC without clarifying it was for half the supply, creating a major expectations mismatch.
Price now sits at a ~$16M market cap, well below the pre-sale price
Thoughts?

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