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 feedbackโwhich impacted prediction bets on Polymarket, raising insider trading concerns.
In a post that starts with โWe got the sales wrong,โ on January 5, the Infinex official account explained that seeking a balance between โexisting Patron holders, new participants, and fair distributionโ was a mistake that pleased nobody. โRetail hates the lock. Whales hate the cap. Everyone hates the complexity,โ 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: โWeโre done trying to guess the right number. The market will decide.โ
Second, Infinex changed the random allocation mechanism to a โbottom-up fill (โฆ), also known as water filling.โ Everyoneโs allocation rises equally until it is full or the supply runs out, and any excess contribution will later be refunded.
Nevertheless, the preference for โPatron holdersโ 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 โinstead of guessing,โ in the teamโs words.
We got the sale wrong.
We tried to balance existing Patron holders, new participants, and fair distribution all at once and the result was a sale that (almost) nobody wanted to participate in.
Retail hates the lock.
Whales hate the cap.
Everyone hates the complexity.To ourโฆ
โ Infinex (@infinex) January 5, 2026
Token Sales State and Insider Trading Concerns
Infinex aimed to raise $5 million by selling 5% of the tokenโs total supply at a $99.99 million fully diluted valuation, with a one-year lock-up period for all tokens generated in the TGE.
Reports show less than 10%, only $448,000, raised in the first 24 hours, with only 270 unique addresses participating. By the time of this writing, the token sales had raised less than $700,000 and sparked commentary of Infinex TGE being a failure, which explains the teamโs decision.
๐ฅ @infinex sale update
โ Sale live
๐Ends in 5 days, 20hrs๐ฐTarget raise โ $5M
๐Current raise โ $448K
๐ฅTotal users โ 270๐งขIndividual cap โ $2500
๐คSo at least 2K users should join๐FDV $100M & 1 year lock
๐ซตR u planning to join? Let me know๐Like
๐RT https://t.co/bojfJRFXLV pic.twitter.com/P6uE3vwqduโ CryptoTelugu (@CryptoTeluguO) January 4, 2026
On the other hand, the announced changes raised other concerns as analysts started sharing data from the leading prediction market, Polymarket, related to a bet around Infinex token sales. According to users on X, some recently created accounts started to massively purchase โyesโ bets for $3 million and $5 million raised on TGE less than 15 hours before the reported announcement.
You did a great job, Infinex!
Yes, yes, someone knew everything in advance
These accounts began actively purchasing bets approximately 15 hours ago, at the same time their accounts were created
Perhaps these are team members or Patron NFT holders
Before changing the rules ofโฆ pic.twitter.com/aEmvW9LMBe
โ Said (@said116dao) January 5, 2026
Users and commentators started to report insider trading suspicion as accounts frontran the announcement with significant bets on Polymarket, or some other sort of information leakageโwhether desired or notโall things considered. The team has not commented on these rumors.
Infinex is a non-custodial, passkey-secured cryptocurrency superapp designed to deliver a centralized exchange-like experience directly on-chain, powered in part by NEAR Intents, a fast-growing chain abstraction protocol that runs on the NEAR blockchain.
Infinex combines a multi-chain wallet, unified portfolio tracker, and integrated trading terminal, supporting over 20 blockchains with features like gas abstraction, perpetual and spot trading, swapping, bridging, yield farming, NFT marketplaces, prediction markets, and airdrop claimingโall in one interface.
Recent announcements came at the same time as another Ledger wallet data breach happened and an Ethereum L2, Starknet, faced a major outage.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.
