X-FUN KursFUN

$FUN printed a sharp impulsive move into the 0.00210–0.00212 area, followed by an immediate rejection and strong sell-off. That spike was a clear liquidity grab, not a sustainable breakout. Price failed to hold the highs and is now consolidating below the rejection zone. The structure shows a classic blow-off move with weak follow-through. Sellers defended the top aggressively, and current price action suggests distribution rather than continuation. As long as $FUN stays below the 0.00198–0.00205 resistance band, downside scalps remain favored. Only if price reclaims and holds above 0.00206 with acceptance. Until then, rallies are sell opportunities.

BlockBeats News, December 19th, the public sale of the FUN token of the on-chain sports prediction app Football.Fun on the Base Chain has been completed on the Legion platform, with a 3.38 times oversubscription, over $10 million deposited, and over 4600 participating addresses. The audit application is currently in progress, and participants will be notified of the allocation results via email. Previously, Football.Fun released the FUN tokenomics. The total token supply is 1 billion, with 25% allocated to the community, including 4% for a Genesis airdrop; 25% allocated to the team; 24.8% allocated to investors; 17.7% allocated to the treasury; and 7.5% allocated for the public sale.

In a display of overwhelming market confidence, the on-chain sports platform Sport.Fun has achieved a remarkable milestone. Its highly anticipated FUN token sale was fully subscribed, reaching over 100% of its target in approximately 24 hours. This rapid success on platforms like Legion and Kraken signals strong belief in the fusion of sports and decentralized technology. What Drove the Explosive Demand for the FUN Token Sale? The lightning-fast subscription of the FUN token sale points to several key factors. First, Sport.Fun has likely built a dedicated community of users who are invested in the platform’s future. Second, the broader Web3 and gaming sector continues to attract significant attention from investors seeking innovative projects. The company itself noted that demand came from both existing community members and new participants eager to get involved. This event is more than just a successful fundraise; it’s a validation of the on-chain sports model. It demonstrates a clear appetite for platforms that use blockchain to create transparent, user-owned sports experiences. The swift completion of the FUN token sale before the official closing time underscores this market readiness. Beyond First-Come-First-Served: The Merit-Based Model Perhaps the most intriguing aspect of this FUN token sale was its allocation structure. Instead of a traditional model that rewards the fastest clickers, Sport.Fun implemented a merit-based system. This approach is designed to prioritize long-term supporters and participants over short-term speculators. But what does a merit-based system actually mean? In practice, it could consider factors like: Historical platform engagement and activity. Length of time a user has been part of the ecosystem. Contributions to the community. This strategy aims to build a more stable and committed token holder base, which is crucial for the long-term health of any Web3 project. It aligns the success of the FUN token sale with the future success of the platform itself. What This Means for the Future of Sport.Fun The resounding success of this FUN token sale provides Sport.Fun with significant capital and community backing to execute its roadmap. The funds raised will likely accelerate development, expand platform features, and potentially fuel marketing efforts to attract a wider user base. For the crypto and sports industries, this event serves as a compelling case study. It shows that well-structured token launches for platforms with clear utility can generate substantial interest. The focus on a fair, merit-based distribution model may also set a new standard for how projects cultivate their early communities, moving away from pure speculative frenzies. A Landmark Moment for On-Chain Sports The complete subscription of the FUN token sale in under a day is a landmark moment. It proves there is a vibrant market ready to support the next evolution of digital sports engagement. For investors and users, it highlights the importance of looking beyond the hype to projects with substantive models and committed communities. As Sport.Fun moves forward with its capital, all eyes will be on how it leverages this momentum. The true test will be translating this successful fundraise into a thriving, widely-used platform that delivers on the promise of decentralized sports. Frequently Asked Questions (FAQs) Q: What is the FUN token?A: The FUN token is the native cryptocurrency of the Sport.Fun platform. It is designed to be used within its on-chain sports ecosystem, likely for transactions, rewards, and governance. Q: Is the FUN token sale still open?A: According to the announcement, applications were to remain open until 1:00 p.m. UTC on the day of the launch. Given that the sale was 100%+ subscribed within 24 hours, it is almost certainly closed now. Q: What does ‘merit-based allocation’ mean?A: It means token distribution prioritized users based on their past contributions or loyalty to the Sport.Fun platform, rather than simply who paid first. This rewards long-term community members. Q: On which platforms was the sale hosted?A: The FUN token sale was hosted on the Web3 presale platforms Legion and Kraken. Q: What will Sport.Fun do with the funds raised?A While specific details may follow, funds from a token sale typically go toward platform development, team expansion, marketing, and building the ecosystem to increase token utility and value. Q: Can I still buy FUN tokens?A After a presale, tokens are often listed on cryptocurrency exchanges. You would need to check if and when FUN gets listed on exchanges like Kraken or others to purchase it on the secondary market. Found this breakdown of the stunning FUN token sale success helpful? The fusion of sports and blockchain is just heating up. Share this article with your network on Twitter, Telegram, or Reddit to spark the conversation about the future of on-chain gaming and community-driven platforms! To learn more about the latest trends in blockchain gaming and tokenomics, explore our article on key developments shaping the future of Web3 adoption and community engagement. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

$FUN: Long Setup (1D) ✔ Near external liquidity → sweep likely ✔ Sell-side sweep before bullish continuation ✔ Break & retest of MSS confirms structure ✔ HTF buyside liquidity as draw Entry: 0.0020 | SL: 0.0017 | TPs: 0.00224/$0.0024/$0.0029 Plan: Break → retest → hold above MSS → long #FUN