UFC FIGHT Token Raises $183M in Oversubscribed Solana Sale
UFC partner Fight.ID launched the FIGHT token sale on Solana, raising $183 million in the public round—122× its $1.5 million target—following an earlier Oct. 27 round that collected $15.7 million against a $750,000 goal. The FIGHT token will power governance, staking, payments and on-chain UFC event prediction markets. Of the 10 billion total tokens, 57% are allocated to community incentives, 17.5% to investors, 15% to the core team, 6.5% to liquidity and 4% to advisors. Solscan records show 3,776 transactions in the latest sale, underscoring strong retail demand. Traders should note potential volatility, as similar hype-driven tokens have seen steep declines post-launch.
Bullish
The oversubscribed FIGHT token sale demonstrates robust investor demand, likely driving short-term price gains for FIGHT as traders anticipate listing. High participation suggests strong market confidence in FIGHT’s utility and UFC ecosystem adoption. However, record-breaking fundraising rounds can trigger profit-taking and volatility post-launch, mirroring past patterns in hype-driven tokens. Overall, the news is bullish for FIGHT’s market sentiment, though traders should prepare for short-term price fluctuations.