Henry Dorsett Case

Why $SPC Crashed 93% Despite Massive Hype, CEX Listings and $20M Raised Token: SPACE $spc @intodotspace Main public sale: Started December 17, 2025 Total raised:$14M-$20M Vesting: Promised 100% unlocked at TGE for public buyers. about 4.5 months later, the token went live yesterday They hyped about verified listings from Kraken, KuCoin, MEXC, Bitpanda and BitMart The token hit a quick ATH around $0.081, then crashed -92.66% in 24h. It looks like the hype didn't convert, if you Look at the actual replies to their launch post It got about 641k impressions but it was full of angry presale and public sale investors, tons of people were saying they sent money but couldn't claim tokens at launch. There were accusations of rug and deleted TG comments. When your own community is screaming about a botched token generation event while the token is live and dumping, the FOMO evaporates instantly. It is true that impressions on X brings eyeballs and also paid KOLs and announcement hype can drive initial volume, but once investors can not claim their tokens, it turns into a dump because of lack of trust. Why $SPC token dumped hard at launch >>Claim mechanics completely broken at launch and presale buyers couldn’t claim their tokens right when trading went live. >>Massive supply unlock and low initial liquidity ( the team added $693.3K to the lp ( 42M SPC and 5,862 WSOL) as seen on solscan #activities" target="_blank" rel="nofollow noopener">solscan.io/account/5k9gSo… >>Sell pressure overwhelmed any buy-side >>The listing announcement on X got huge impressions, but replies was filled with rage, rug accusations and proof of claim failures. >>Deleted TG comments and poor communication made it worse Many are calling it one of the fastest TGE disasters of 2026. Classic lesson: Impressions and paid hype bring attention but broken claims and zero trust bring dumps. DYOR and be careful with these high-raise, full unlock launches. Note: to check token and liquidity distribution: #transfers" target="_blank" rel="nofollow noopener">solscan.io/account/FyFMPj…