MetaDAO's First ICO Project Hurupay Fails to Meet Funding Target

On February 9, MetaDAO, a Solana ecosystem issuance platform, experienced its first ICO failure with the project Hurupay. According to BlockBeats, the project was launched on February 3, 2026, with a minimum fundraising goal of $3 million. However, it only managed to raise approximately $2,003,593, about 67% of the target. As the project did not meet the required minimum funding threshold, MetaDAO declared the ICO unsuccessful and refunded all participants. Community feedback suggests that the failure was due to factors such as an overestimated project valuation, unclear team background, and significant changes in the fundraising terms.