BlockBeats News, February 9 — Last weekend, the Solana ecosystem launch platform MetaDAO experienced its first IC0 failure with the project Hurupay. The project was launched on February 3, 2026, with a minimum fundraising goal of $3 million. Ultimately, only about $2,003,593 was raised (approximately 67% of the minimum target). Due to not meeting the required minimum funding threshold, MetaDAO announced the IC0 failure and all participant funds were refunded.
Community feedback indicates that factors contributing to the IC0 failure include the project’s overvaluation, unclear team background, and significant changes to the funding terms.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SOL Strategies Shares Soar 21% as February Update Highlights Validator Growth
SOL Strategies Inc. reported significant growth in February 2026, with its shares jumping 20.97% following its business update. The firm expanded its Solana validator network to over 33,500 wallets, generated 1,276 SOL in net revenue, and achieved a peak Annual Percentage Yield of 6.47%.
TheNewsCrypto1h ago
Western Union partners with Crossmint to launch the USD stablecoin USDPT on Solana
Odaily Planet Daily reports that Western Union and Crossmint have partnered to launch the USDPT stablecoin on the Solana blockchain. (Solid Intel)
GateNews5h ago
Solana and XRP prices stabilize, US employment report may trigger a new round of crypto market volatility
Solana and XRP prices are gradually stabilizing after market fluctuations, with traders focusing on the upcoming U.S. employment report. Solana is close to $90.9, and a breakthrough of $95 could push it toward $100; XRP is around $1.42, and increased buying pressure could push it up to $1.50. The movements of both are influenced by employment data, and analysts believe this will be a key catalyst.
GateNews5h ago
Bitcoin breaks through $72,000, driving the crypto market higher; Ethereum, Solana, and XRP all rise collectively.
The Middle East situation has eased, global risk asset sentiment has improved, and the cryptocurrency market has strengthened. Bitcoin broke through $72,000, reaching a new high for the period, and other mainstream digital assets also generally rose. Analysts believe that the rebound was driven by a return of market risk appetite and capital inflows.
GateNews7h ago
