The Infinex sale has officially closed. Despite heavy FUD and against expectations (Polymarket had odds at 23%), it reached $7M in commitments, ending 44% oversubscribed.
In the end, the sale played out almost exactly as I predicted few days ago when the caps were removed.
Whales and smart money waited until the very end to deploy. It took 6.5 days to reach $3.6M, and then just 10 more hours to double that to $7M.
In total, 869 participants invested. But here’s the interesting part:
The top 1.6% accounted for 50% of total commitments. One single participant alone committed nearly $900k.
To the