Solana star DEX announces closure: how a billion-dollar trading volume project allocates $42 million treasury

2025-12-18 19:00:11

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【Crypto World】An important participant in the Solana ecosystem has just announced a major move—this decentralized exchange with a total trading volume exceeding $149 billion is about to shut down. The governance vote was almost unanimously approved, and the project team has decided to cease operations.

What does this mean? The $42 million assets in the treasury will be liquidated. The project team’s plan is to convert everything into USDC stablecoins and then distribute them to all token holders. Based on the current book value, the distribution per token is expected to be between $0.90 and $1.10.

Want to claim this distribution? The new tokens after conversion are expected to be available in nine days. Holders should be prepared—such liquidations and conversions usually have time limits, so don’t miss the window. An era is coming to an end, but there is a clear exit plan for holders.

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MEVEye

· 12-21 14:24

A hundred billion project can be shut down just like that, this is the crypto world... --- 0.9 to 1.1? It might as well drop to zero directly --- Another "orderly liquidation", listen to how ironic that term is --- Wait, I need to do some calculations... Can 42 million really be distributed to all coin holders to reach over 1 dollar? --- Governance voting passed unanimously? How come it feels like no one opposed anything in the Solana ecosystem --- Withdrawals will open in nine days, will there be another plot twist during this time? --- This is called the freedom of Web3, you can run if you want, and funds can be cleared if they want --- A "star DEX" just disappeared, what is Solana relying on to sustain? --- I just want to know what the early VC's mindset is now

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gas_fee_therapist

· 12-21 12:10

Sigh, another project worth billions just shut down... The crypto world is really experiencing a wave of closures this year.

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MidnightTrader

· 12-21 09:49

Another project is dead, even a k volume can't save it. --- 0.9 to 1.1? Feels like there’s still a round of fuss to be made. --- Ah, this is why I never go all in on a single project. --- The Solana ecosystem is stirring things up again, why are projects closing down every day? --- The liquidation distribution process, by the time it really lands in hand, it’ll probably take a while. --- In the end, even a k volume has to come to an end, it seems on-chain data doesn’t represent much either. --- Claim in 9 days? I bet five bucks someone will get impatient and sell.

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0xInsomnia

· 12-21 06:04

Another Solana project is saying goodbye, is this liquidation price acceptable?

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GasFeeAssassin

· 12-18 19:28

Another one running away? But it seems relatively honest, at least they are paying.

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GigaBrainAnon

· 12-18 19:24

Hundreds of billions in trading volume, is that all? Really can't bear to look at it.

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WalletInspector

· 12-18 19:20

A hundred-billion-dollar trading volume project is gone just like that, the speed is truly incredible... --- Another big project is breaking up, the Solana ecosystem really keeps people on edge. --- $0.9 to $1.1? That's interesting, let's see how many people come to claim after nine days. --- Governance vote passed unanimously... Why does it feel like I haven't heard much noise? --- $42 million distributed to retail investors, how much can each person get? --- Just close it if you're going to close it, the key is not to run away. --- This speed, collapsing even faster than the project team said.

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GasGoblin

· 12-18 19:17

Another one died; getting back 0.9 dollars would be a blessing.

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PositionPhobia

· 12-18 19:15

Really? A hundred-billion trading volume just shut down like that? What about my position... --- Another project team ran away, this time pretending to be "governance voting," how funny --- 0.9 to 1.1? Might as well just cut it directly, the Solana ecosystem is up to its tricks again --- Wait, is this the DEX that was hyped up before? I have a bad memory --- $42 million treasury was just liquidated like that, feels like I lost quite a bit --- So I’ve never touched it, what’s there to be afraid of? Turns out I was right --- Can only claim after 9 days, will there be any changes during this period...

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