Spur Protocol’s IDO Launch Raises Questions Amid Fundraising Pressures
The Spur Protocol IDO launch, scheduled for January 22, 2026, at 13:00 UTC, has sparked unease rather than optimism. Market observers note the timing coincides with lagging presale performance—only 7.35% of tokens sold—and a conspicuous extension of the fundraising window to January 25.
Unlike typical IDOs signaling project maturity, this MOVE carries undertones of financial necessity. The team’s revised roadmap now shows a January 26 listing date, but community sentiment suggests skepticism about meeting targets. Private round extensions and persistent fundraising calls further fuel doubts.
Key metrics reveal the challenge: 612,189 tokens sold against an 8.3M target. With 92.65% remaining, the protocol faces a credibility test as it balances transparency against market headwinds.
