A notable Solana ecosystem project recently faced significant headwinds after a major liquidity partner withdrew 500k HYPE tokens from its reserves. The strategic shift—pivoting from Hyperliquid infrastructure to Solana—came alongside mounting pressure from early backers following an $11.5M funding round. Multiple investors have publicly demanded refunds, citing concerns over the altered roadmap and execution timeline. The token generation event, originally scheduled for earlier this month, has been pushed back to Monday at 16:00 UTC. On-chain monitoring has also flagged suspicious activity, with approximately $45k in transfers routed to casino-associated wallet addresses, raising additional questions about fund management transparency. The situation underscores ongoing tensions between project teams and investors when development priorities shift mid-cycle.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
LiquidityHunter
· 8h ago
Haha, that's hilarious. With 500,000 HYPE, withdrawing directly exposes the truth.
View OriginalReply0
DuskSurfer
· 8h ago
Hmm... it's the same trick again. Once the money is invested, they change their mind, leaving investors dumbfounded.
View OriginalReply0
WhaleStalker
· 8h ago
Damn, it's another unpredictable project. The investor is directly demanding a refund. I always say that projects that change course midway never turn out well.
View OriginalReply0
CoinBasedThinking
· 8h ago
This project is really a disaster. Withdrawing 500,000 tokens, and afterward it's just a pile of bad debts.
A notable Solana ecosystem project recently faced significant headwinds after a major liquidity partner withdrew 500k HYPE tokens from its reserves. The strategic shift—pivoting from Hyperliquid infrastructure to Solana—came alongside mounting pressure from early backers following an $11.5M funding round. Multiple investors have publicly demanded refunds, citing concerns over the altered roadmap and execution timeline. The token generation event, originally scheduled for earlier this month, has been pushed back to Monday at 16:00 UTC. On-chain monitoring has also flagged suspicious activity, with approximately $45k in transfers routed to casino-associated wallet addresses, raising additional questions about fund management transparency. The situation underscores ongoing tensions between project teams and investors when development priorities shift mid-cycle.