The token began trading after Intodotspace raised more than $20 million in a January ICO (initial coin offering), with trading implying an 88.4% drop from its reported $69 million raise valuation.
Intodotspace has launched its SPC token after raising more than $20 million in a January ICO (initial coin offering). The project had faced criticism for retaining $13 million despite repeatedly referencing a $2.5 million target. According to the provided information, SPC is now trading at an $8 million fully diluted valuation (total token value if all supply were circulating), which is 88.4% below the reported $69 million valuation implied by the fundraising. The figures highlight a sharp gap between the project’s raise valuation and secondary-market pricing after launch, a dynamic often watched in crypto markets as a measure of investor demand and post-ICO price discovery.