Atitty ( @Atitty ) alleges intodotspace ( $SPC ) scam after $50K angel deal turns $1.3K, with delayed allocation, token crash, and no response from team.
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SpaceChain (SPC)
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The @intodotspace drama, TL;DR ↓
SPC opened April 29 at $0.0814 and closed the same day at $0.004073.
Down 95% in a single day. Low ($0.003259) hit within hours of going live.
By May 1 it was sitting around $0.0044, basically where the launch day dump left it.
Public sale closed January 17 at $0.069 per token, $69M pre-valuation.
Total raise across seed, private, and public rounds was around $17.75M (per ICO Drops).
Public buyers were underwater the moment SPC printed its first daily candle.
What happened on launch:
→ Claim site failed for retail. People who sent funds in presale got "you have no allocation" errors
→ Insider unlocks cleared on schedule and routed to CEX deposit wallets
→ Price collapsed as unlocked supply hit thin liquidity
Team blamed a Railway platform outage and soft demand.
The UFO Gaming context matters because the same team ran it. UFO Gaming was an Ethereum P2E project that peaked in 2021 around $1.5B market cap and faded to a sub-$1M micro-cap by 2025.
In October 2025, th
The @intodotspace drama, TL;DR ↓
SPC opened April 29 at $0.0814 and closed the same day at $0.004073.
Down 95% in a single day. Low ($0.003259) hit within hours of going live.
By May 1 it was sitting around $0.0044, basically where the launch day dump left it.
Public sale closed January 17 at $0.069 per token, $69M pre-valuation.
Total raise across seed, private, and public rounds was around $17.75M (per ICO Drops).
Public buyers were underwater the moment SPC printed its first daily candle.
What happened on launch:
→ Claim site failed for retail. People who sent funds in presale got "you have no allocation" errors
→ Insider unlocks cleared on schedule and routed to CEX deposit wallets
→ Price collapsed as unlocked supply hit thin liquidity
Team blamed a Railway platform outage and soft demand.
The UFO Gaming context matters because the same team ran it. UFO Gaming was an Ethereum P2E project that peaked in 2021 around $1.5B market cap and faded to a sub-$1M micro-cap by 2025.
In October 2025, th