Bullshot Raises $7.7M as Three Crypto Platforms Expand
Bullshot, infiniFi and Melee announced new developments across crypto launchpads, DeFi and prediction markets.
BNB Chain-based AI meme coin launch platform Bullshot said on 27 October that it had raised $7.7 million. P2 Ventures and Animoca Brands co-led the round, with AWS and B1 Ventures among the participants. Bullshot also launched a points system. Its platform offers no-code token launches, bonding-curve trading and automatic migration to PancakeSwap, alongside anti-sniping and liquidity-lock features.
DeFi protocol infiniFi is offering increased points rewards for deposits through its Points Program. Users can deposit USDC and mint iUSD, with funds allocated across strategies and protocols including Aave, Pendle and Ethena. The protocol has said it plans to hold its token generation event in the fourth quarter of 2026. Its planned INFI allocation assigns 45% to the ecosystem, 20% each to the team and investors, and 15% to the foundation. The new points allocation is fixed and will not be diluted by new participants.
Solana-based prediction market Melee launched its beta on 27 October. Users can create markets on topics including sports, crypto and politics. Melee has raised $3.5 million and uses a bonding-curve-style pricing mechanism.
These developments add new incentives and products for users, but the article does not report token launches or market-moving price data for the platforms. Any near-term trading effect is therefore likely to be limited and project-specific.
Neutral
The developments are notable for the individual projects but do not indicate a broad shift in crypto market conditions. Bullshot’s $7.7 million raise and points launch may increase attention and user activity around its BNB Chain platform. infiniFi’s boosted rewards could encourage stablecoin deposits, while Melee’s beta launch may attract users to Solana-based prediction markets. However, the article provides no details on a public token sale, exchange listing, trading volume, price movements or changes to network fundamentals.
In the short term, activity may rise around the platforms and any associated incentive campaigns. Traders could monitor participation, liquidity and any future token announcements, while recognizing that points and beta access do not guarantee token value or returns. Similar launch and points campaigns have often produced temporary interest, with sustained effects depending on adoption and token economics. Over the longer term, the projects’ impact will depend on whether they retain users, develop sustainable revenue and deliver their products. With no clear market-wide catalyst or direct evidence of a price impact, a neutral assessment is most appropriate.