Brutal.
The NFT project Gutter Cat Gang did a community sale for their $GANG token launch, which concluded yesterday.
And they raised - no joke - just 3.66 ETH ($6.8k USD).
Their goal was to sell 12% of the total supply at $0.0089 USD per token.
Meaning target of the raise was just over $1M USD, at a $9M USD market cap.
Gutter Cat Gang was once one of the top NFT projects, with its floor price touching 9 ETH in early 2022.
Since then, they have increasingly lost traction and were acquired by a new team last year.
They plan to launch their token on Apechain soon
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