Percolator Token – 90% Lag It seems the team wanted to raise funds with a new token, but existing holders received only a priority purchase allocation for the sale. After reading the original article, I felt the project showed more attachment to money and personal stakes than any real commitment to nurturing the project. I believe this incident has significantly distanced the project from success. ------------------ Timeline ① A third party issued $PERCOLATOR on PumpFun; later, the issuer sold it, and David took over as CTO. ② In January 2026, the team began serious development based on Toly’s open-source technology. ③ Recognizing that the PumpFun token was poorly regarded by investors for commercialization purposes, the team considered issuing a new token. ④ They secured $250,000 in funding via MetaDAO’s Backable platform, issuing a new token, PERC, completely separate from the original $PERCOLATOR. ⑤ No airdrop or token exchange was offered to existing holders; instead, a priority allocation was provided allowing them to purchase 20% of the raised amount at the same price. ⑥ The team also considered distributing a portion of their allocation to existing holders, acknowledging it could be done without diluting new investors—but ultimately rejected it, citing that “maintaining the founders’ equity in the early stage was critical.”