The post Infinex Announces Token Sales Changes in TGE Failure; Insider Trading Concerns appeared on BitcoinEthereumNews.com.

Key Notes Infinex removed the $2,500 allocation cap and switched to a bottom-up distribution model after raising just 14% of its $5M goal. Suspicious Polymarket betting activity emerged hours before the announcement, with new accounts placing large bets suggesting potential insider trading. The crypto wallet app supports over 20 blockchains and combines trading, staking, and NFT features in a single interface. Infinex, a crypto wallet super app, started its long-awaited token sales on January 3, with a worse-than-expected first 24 hours. The team now announced some changes to the token generation event (TGE), listening to community feedback—which impacted prediction bets on Polymarket, raising insider trading concerns. In a post that starts with “We got the sales wrong,” on January 5, the Infinex official account explained that seeking a balance between “existing Patron holders, new participants, and fair distribution” was a mistake that pleased nobody. “Retail hates the lock. Whales hate the cap. Everyone hates the complexity,” they concluded. With less than five days left for the TGE end, set to January 10, the team announced three significant changes. First, the $2,500 individual allocation cap is now removed: “We’re done trying to guess the right number. The market will decide.” Second, Infinex changed the random allocation mechanism to a “bottom-up fill (…), also known as water filling.” Everyone’s allocation rises equally until it is full or the supply runs out, and any excess contribution will later be refunded. Nevertheless, the preference for “Patron holders” remains untouched, and they will still get allocation priority. The difference here is that details on this allocation preference will be defined only when token sales end, gathering demand information “instead of guessing,” in the team’s words. We got the sale wrong. We tried to balance existing Patron holders, new participants, and fair distribution all at once…

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Filed under: News - @ January 5, 2026 6:29 pm