The post Ranger ICO Pulls $86M on Solana, Far Exceeding $6M Target appeared on BitcoinEthereumNews.com.

MetaDAO’s Ranger ICO closed to new commitments on Friday after a scramble of interest that left the team and the broader Solana community a little breathless. In a short X post, MetaDAO confirmed the sale was “now closed to more commitments” and said Ranger’s ownership coin would go live in two hours at 18:00 UTC. The announcement also promised that participants would be able to claim tokens and request refunds on MetaDAO’s website, and that the project would publish the final cap and the initial launch price in roughly an hour. What turned heads was how quickly the sale blew past its public target. Solana’s official account quote-tweeted the update with a blunt summary, “$86 million committed. Fundraise on Solana,” a figure that far exceeds Ranger’s stated $6 million target. In plain terms, demand outstripped supply by a large margin, and that kind of oversubscription brings a lot of immediate, practical questions for participants and onlookers alike. Token Distribution Imminent For people who put money into the sale, the next few hours are straightforward but tense. MetaDAO will publish the cap and launch price, and those numbers will determine who actually receives tokens and how much of any excess money will be refunded. The project’s documentation lays out the mechanics of launches, claims and refunds, but the real test will be execution: how quickly MetaDAO processes claims, how refunds are returned, and whether any hiccups emerge when hundreds or thousands of wallets try to interact with the platform at once. Oversubscriptions also influence the market story once a token hits public trading. With so many commitments for a much smaller allocation, there’s a chance that initial price moves will be sharp. Traders and market makers will be watching order books closely when the coin becomes tradable, and sudden volatility is…

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Filed under: News - @ January 10, 2026 10:16 pm