Ventuals has incurred a cumulative loss of approximately $260,000 over the seven months of operation, and the Pre-IPO On-Chain Private Sale Market experiment has come to a close
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June 16: Ventuals announced yesterday it’s officially shutting down and merging into another team under the Hyperliquid ecosystem, putting an end to its "24/7 On-Chain Private Sale Market" experiment.
Per BlockBeats’ data analysis (using DeFiLlama’s revenue calculations), Ventuals’ platform revenue totaled just $124,651, while ticker registration and auction fees hit $383,242 (equivalent to 15,031 HYPE tokens). The platform posted a net loss of $258,591, with revenue covering only 32.5% of ticker costs—meaning costs ran roughly 3.1x higher than revenue. Factoring in hidden expenses like team salaries, liquidity provisions, and front-end operations, actual losses will be even larger, with a core projected loss of about $259,000.
Notably, the 500,000 HYPE tokens raised through vHYPE crowdfunding and their price appreciation gains aren’t counted as part of the platform’s profits. Holders can redeem HYPE at a 1:1 ratio plus on-chain staking rewards, so these funds don’t qualify as platform revenue.
In terms of operational milestones, Ventuals launched roughly seven months ago, raising over 500,000 HYPE tokens and generating ~$6.5 billion in trading volume. The platform was built to let users trade pre-IPO shares of private tech companies including OpenAI and Anthropic. The shutdown announcement revealed final settlement prices for its markets: $1,341.80 for OpenAI and $1,618.90 for Anthropic. Bulk commodity and index markets (such as MAG7, Semiconductors, Energy, Defense, etc.) will phase out trading starting June 18.
For vHYPE holders: They can redeem staked assets and on-chain staking rewards at a 1:1 ratio. Batch withdrawals will kick off June 19, taking 7 to 72 hours to complete. Ventuals is also terminating its points and referral programs, and explicitly stated it will not issue tokens. All users are required to withdraw funds and export their wallets by September 15.
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