MetaDAO’s Hurupay ICO Fails, Raises $2.03M

MetaDAO’s first ICO project, Hurupay, has failed to meet its fundraising target, raising only $2,003,593 against a $3 million minimum. Launched on February 3, 2026, the Solana ecosystem issuance platform announced the project’s failure after it secured just 67% of the required funds. As a result, all participant funds have been refunded. Contributing factors to the ICO’s failure include community feedback, perceived overvaluation, unclear team background, and significant changes in financing terms.