Storepay (SPC)

With reactions from the community.🔽 https://t.co/E9wz6q6SK7

The @intodotspace drama, TL;DR ↓

SPC opened April 29 at $0.0814 and closed the same day at $0.004073.

Down 95% in a single day. Low ($0.003259) hit within hours of going live.

By May 1 it was sitting around $0.0044, basically where the launch day dump left it.

Public sale closed January 17 at $0.069 per token, $69M pre-valuation.

Total raise across seed, private, and public rounds was around $17.75M (per ICO Drops).

Public buyers were underwater the moment SPC printed its first daily candle.

What happened on launch:

→ Claim site failed for retail. People who sent funds in presale got "you have no allocation" errors

→ Insider unlocks cleared on schedule and routed to CEX deposit wallets

→ Price collapsed as unlocked supply hit thin liquidity

Team blamed a Railway platform outage and soft demand.

The UFO Gaming context matters because the same team ran it. UFO Gaming was an Ethereum P2E project that peaked in 2021 around $1.5B market cap and faded to a sub-$1M micro-cap by 2025.

In October 2025, th