Spur Protocol Faces Presale Challenges as SON Token Struggles to Gain Traction
The Spur Protocol's listing timeline hangs in the balance as presale data reveals alarming stagnation. With 92.65% of SON tokens remaining unsold—7.72 million of 8.33 million—just 48 hours before the January 25 deadline, market participants question the project's ability to meet its targets. Current pricing sits at 1 SON = 0.0000337 BNB, reflecting tepid demand.
This marks the second timeline adjustment, following a previous extension from January 5 due to fundraising difficulties. Compounding pressures, Huostarter's concurrent Flash Round IDO for SON tokens creates competing demand channels. Analysts now estimate an 80% likelihood of further delays, citing the improbability of liquidating such substantial unsold inventory without whale participation or exchange-driven hype.
